In political science, the well-known “attitudinal model” of legal decision making dictates that judges' sincere policy preferences drive legal outcomes. In contrast, the celebrated “selection hypothesis” from the law and economics literature suggests that litigants carefully consider factors affecting potential case success (including judicial ideology) and accordingly choose, in the name of efficiency, to settle or not pursue cases in which legal outcomes can be readily predicted. Thus,...
For a country that features the word United so prominently in its name, the U.S. is a pretty fractious place. We splinter along fault lines of income, education, religion, race, hyphenated origin, age and politics. Then too there’s temperament. We’re coarse or courtly, traditionalist or rebel, amped up or laid-back. And it’s no secret that a lot of that seems to be determined by — or at least associated with — where we live.
Now a multinational team of researchers led by psychologist...
Many predictions, Nate shared with the audience, fail because as humans we are “hard wired to find patterns.” As a result many of our predictions are not based on a tested and retested process, but rather on our overconfidence in seeing “a signal”.
As a result of this overconfidence, as well as a general lack of understanding of probability and uncertainty, these predictions fail and typically at a great cost to either the business or society.
During his keynote, Nate shared 3 suggestions...
The growth in big data is increasing dramatically as more and more activity is represented digitally. Now data comes in both structured (identifiable because it organized into a format) and unstructured forms such as video, images, symbols, and natural language. Big data is forcing IT to look for a new computing model in order to help organizations and their decision makers take advantage of all the information available.
Here are 5 things to know:
1. Cognitive systems are...
2. Cognitive systems...
Conflict is a part of daily life. Whether you are mediating, negotiating, working on a matter, or simply having a conversation with a friend, conflict can occur at any moment. There are many people that don’t embrace conflict at all. The problem is that the conflict doesn’t go away. It only festers and gets worse. That’s why it is important that we not only prepare for the conflict, but also learn to use the conflict to make things better. Even on a global scale this process can pave...
The TyMetrix Legal Analytics LegalVIEW® Forum brings law firms and corporations together to discuss the most pressing legal issues of the day and develop unique value-based best practices.
OVERVIEW AT A GLANCE
The Power of the New Normal
Hear from industry veteran Tim Corcoran how adapting to the new normal is good for law firms, good for in-house counsel and good for business. The underlying point is that embracing these concepts aren't a necessary evil, but can actually lead to better...
Confirmation bias is a tendency to search for, interpret or remember information in a way that confirms preconceptions or working hypotheses. People can reinforce their existing attitudes by selectively collecting new evidence, by interpreting evidence in a biased way or by selectively recalling information from memory. Some psychologists use "confirmation bias" for any of these three cognitive biases, while others restrict the term to selective collection of evidence, using assimilation bias for biased...