Risk Analysis Is A Valid, Valuable Tool For Litigators
I did some research into the relationship between probability theory and the way “decision analysis” (sometimes called “risk analysis”) is sometimes used to try to determine the “discounted settlement value” of civil cases. What I learned was unnerving.
He then goes on to share the products of his research and give several reasons why “‘decision analysis’ [is] not a reliable tool for assessing...
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