Prospect theory suggests that, when attempting to settle a case out of court, the

a) defendant will be more resistant than the plaintiff because it represents a sure loss to the defendant and a sure gain to the plaintiff

b) plaintiff should not be willing to accept a sum which is less than the expected value of the award if the case went to court

c) defendant will be eager to settle and establish a lower bound on his losses

d) all of these are correct answers

e) plaintiff will be more resistant than the defendant because it represents a sure gain to the plaintiff and a sure loss to the defendant