Source of article ComCon - Communication Consulting.

Civil plaintiffs and defendants are often thought to be equally capable of valuing and winning cases, and equally capable of making mistakes. Said differently, decision errors in case valuation are thought to be no different for plaintiffs and defendants because it is believed that: (1)plaintiffs and defendants are equally adept in predicting trial outcomes, (2) plaintiffs will win about 50% of the cases that proceed to trial, and (3) plaintiffs and defendants will be equally mistaken in their predictions of a trial’s outcome. Researchers have investigated whether mistakes in case valuation, and the cost of those mistakes, are evenly distributed among plaintiffs and defendants…