Any contract north(west) of EUh would be preferred to αh
{"Image DocumentName": "Any contract north(west) of EUh would be preferred to \u03b1h", "Image ImageDescription": "Any contract between \u03b2 and \u03b1l will be picked by the high risk person, so the low risk option will not occur there. The optimal contract for L must be to southeast of \u03b1l to prevent the high risk from picking. But any point to the southeast of \u03b1l will not be picked by the low risk person. Only possible solution is (\u03b1h, \u03b1l) Note however that at \u03b1l, which has zero profits, one can offer \u03b3 and make greater profits \u2013 sell to both customers \u2013 since it is below the fair odds line, will make a profit. No separating equilbrium.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}