0.17 0.5 0.33 Accept2B Texaco_Reaction 0.2 0.5 0.3 Accept2B Texaco_Reaction Pennzoil_Reaction Court_Decision 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 5 5 5 5 5 5 10.3 5 2.5 10.3 5 2.5 10.3 5 2.5 3 3 3 Figure 4.25: Hugh Liedtke's decision tree assuming $2.5 billion is minimum court award.\nReference:\nRobert T. Clemen, Making Hard Decisions: An Introduction to Decision Analysis, Second Edition. Duxbury Press, 1996. Accept $2 Billion? 86 20 165 61 Texaco Reaction 224 18 319 66 Pennzoil Reaction 85 134 165 177 Final Court Decision 328 69 424 123 Settlement Amount 217 137 326 173 Figure 4.25: Hugh Liedtke's decision tree assuming $2.5 billion is minimum court award.\nRobert T. Clemen, Making Hard Decisions: An Introduction to Decision Analysis, Second Edition. Duxbury Press, 1996. 46 204 436 299