Predictive Analytics
Aggressive Economic Incentives and Physical Activity: The Role of Choice and Technology Decision Aids
October 21, 2018
Aggressive incentive schemes that allow individuals to impose economic punishment on themselves if they fail to meet health goals present a promising approach for encouraging healthier behavior. However, the element of choice inherent in these schemes introduces concerns that only non-representative sectors of the population will select aggressive incentives, leaving value on the table for those who don’t opt-in. In a field experiment conducted over a 29-week period on individuals wearing Fitbit...
October 21, 2018
Aggressive incentive schemes that allow individuals to impose economic punishment on themselves if they fail to meet health goals present a promising approach for encouraging healthier behavior. However, the element of choice inherent in these schemes introduces concerns that only non-representative sectors of the population will select aggressive incentives, leaving value on the table for those who don’t opt-in. In a field experiment conducted over a 29-week period on individuals wearing Fitbit...
What Blackjack Teaches on Analytics
October 20, 2018
Blackjack happens to be the perfect Petri dish to remind ourselves about making better decisions. Data is easy to get, and systems never change. At this year’s conference, Jeffrey Ma, former VP of analytics and data science at Twitter and kingpin of the famous MIT blackjack team, shared his thoughts on the future of some of the new capabilities in analytics, arguing that “the biggest misconception is that AI is like magic and solves everything. In reality, it’s only going to be as good as the problems...
October 20, 2018
Blackjack happens to be the perfect Petri dish to remind ourselves about making better decisions. Data is easy to get, and systems never change. At this year’s conference, Jeffrey Ma, former VP of analytics and data science at Twitter and kingpin of the famous MIT blackjack team, shared his thoughts on the future of some of the new capabilities in analytics, arguing that “the biggest misconception is that AI is like magic and solves everything. In reality, it’s only going to be as good as the problems...
Baseball’s Billy Beane Shows Companies the Power of Data
October 19, 2018
Oakland Athletics General Manager Billy Beane brought a data-driven and unconventional approach to winning baseball games. By setting strategy and articulating the metric to evaluate and acquire the players who would ultimately implement his strategy on the field, Beane’s sabermetrics approach brought about a cultural shift in baseball from the players and managers to coaches and scouts. Professor Srikant Datar discusses how strategy and metrics work hand-in-hand, and how Beane’s story provides...
October 19, 2018
Oakland Athletics General Manager Billy Beane brought a data-driven and unconventional approach to winning baseball games. By setting strategy and articulating the metric to evaluate and acquire the players who would ultimately implement his strategy on the field, Beane’s sabermetrics approach brought about a cultural shift in baseball from the players and managers to coaches and scouts. Professor Srikant Datar discusses how strategy and metrics work hand-in-hand, and how Beane’s story provides...
Towards a Better Understanding of Lawyers’ Judgmental Biases in Client Representation: The Role of Need for Cognitive Closure
October 18, 2018
Previous research demonstrates that lawyers and law students are, on average, prone to overconfidence bias and self-serving judgments of fairness when they take on a representative lawyering role. This is the first study to investigate individual differences in susceptibility to these biases. Expanding on two previous experiments (Loewenstein, et al., 1993; Babcock, Loewenstein & Issacharoff, 1998), and utilizing as our sample 468 law students from twelve geographically diverse U.S. law schools,...
October 18, 2018
Previous research demonstrates that lawyers and law students are, on average, prone to overconfidence bias and self-serving judgments of fairness when they take on a representative lawyering role. This is the first study to investigate individual differences in susceptibility to these biases. Expanding on two previous experiments (Loewenstein, et al., 1993; Babcock, Loewenstein & Issacharoff, 1998), and utilizing as our sample 468 law students from twelve geographically diverse U.S. law schools,...
Lex Machina’s First Annual Insurance Litigation Report Reveals Distinct Case Filing Trends
October 17, 2018
Automobile Claims Up 39% From 2009-2017 While Uninsured/Underinsured Motorist Claims Double; Life Insurance Claims Fell 20%; Homeowner Claims Rose 80%, Hidden By Hurricane-Related Claims The Insurance Litigation report showcases data and trends involving disputes between an insurer and a policyholder, a beneficiary, or another insurer asserting the rights of a policyholder. The report includes analytics from both the broad Insurance data set as well as five common insurance types: Automobile,...
October 17, 2018
Automobile Claims Up 39% From 2009-2017 While Uninsured/Underinsured Motorist Claims Double; Life Insurance Claims Fell 20%; Homeowner Claims Rose 80%, Hidden By Hurricane-Related Claims The Insurance Litigation report showcases data and trends involving disputes between an insurer and a policyholder, a beneficiary, or another insurer asserting the rights of a policyholder. The report includes analytics from both the broad Insurance data set as well as five common insurance types: Automobile,...
CourtStatPack.com Graphs Trends in Texas Trial Court Statistics
October 16, 2018
Civil and Family Filings Level While Jury Trials Trend Downward SAN ANTONIO, Oct. 16, 2018 /PRNewswire/ -- Civil and family court filings in Texas have remained relatively stable during the time the Texas Office of Court Administration (OCA) has compiled data from district and county clerks in its current form (September 2010 to present). CourtStatPack.com presents OCA data in easily customizable graphs to visualize trends across the reporting period. It not only presents...
October 16, 2018
Civil and Family Filings Level While Jury Trials Trend Downward SAN ANTONIO, Oct. 16, 2018 /PRNewswire/ -- Civil and family court filings in Texas have remained relatively stable during the time the Texas Office of Court Administration (OCA) has compiled data from district and county clerks in its current form (September 2010 to present). CourtStatPack.com presents OCA data in easily customizable graphs to visualize trends across the reporting period. It not only presents...
Google Successfully Amends Its AdWords TOS to Add Arbitration Clause–Trudeau v. Google
October 15, 2018
The court explained how Google purported to impose the new terms on advertisers: Google gave notice of the 2017 TOS to the AdWords advertisers through multiple means, including through a direct email to the advertisers, a public blog post, and an alert on the advertisers’ AdWords account. Each notice directed the advertisers to a webpage where they could review and accept the modified terms, which were displayed in a single embedded window. Above the TOS window was the following admonition: “Please...
October 15, 2018
The court explained how Google purported to impose the new terms on advertisers: Google gave notice of the 2017 TOS to the AdWords advertisers through multiple means, including through a direct email to the advertisers, a public blog post, and an alert on the advertisers’ AdWords account. Each notice directed the advertisers to a webpage where they could review and accept the modified terms, which were displayed in a single embedded window. Above the TOS window was the following admonition: “Please...
DoNotPay Founder Joshua Browder On Replacing Lawyers with Bots
October 13, 2018
At just 17 years old, Joshua Browder made international news when he created DoNotPay, a chatbot that helped appeal parking tickets, reportedly saving motorists in the U.S. and UK some $16 million. Now 21, he has just released a series of apps designed to help consumers solve common legal problems without the help of a lawyer — including one to file small claims lawsuits in any U.S. jurisdiction.
October 13, 2018
At just 17 years old, Joshua Browder made international news when he created DoNotPay, a chatbot that helped appeal parking tickets, reportedly saving motorists in the U.S. and UK some $16 million. Now 21, he has just released a series of apps designed to help consumers solve common legal problems without the help of a lawyer — including one to file small claims lawsuits in any U.S. jurisdiction.
3 Ways to Make Better Decisions — By Thinking Like a Computer
October 7, 2018
If you ever struggle to make decisions, here's a talk for you. Cognitive scientist Tom Griffiths shows how we can apply the logic of computers to untangle tricky human problems, sharing three practical strategies for making better decisions -- on everything from finding a home to choosing which restaurant to go to tonight.
October 7, 2018
If you ever struggle to make decisions, here's a talk for you. Cognitive scientist Tom Griffiths shows how we can apply the logic of computers to untangle tricky human problems, sharing three practical strategies for making better decisions -- on everything from finding a home to choosing which restaurant to go to tonight.
How Gavelytics’ Judicial Analytics are Reshaping Litigation
October 6, 2018
What if a lawyer could know how a judge is likely to rule in a case or how heavy is a judge’s workload? Rick Merrill was a litigator at a large law firm who became frustrated over his inability to get meaningful information about the judges before whom he appeared. So last year, he launched Gavelytics, a California company that uses analytics and artificial intelligence to analyze docket data and provide lawyers with a range of insights about judges’ propensities, workloads and leanings. In...
October 6, 2018
What if a lawyer could know how a judge is likely to rule in a case or how heavy is a judge’s workload? Rick Merrill was a litigator at a large law firm who became frustrated over his inability to get meaningful information about the judges before whom he appeared. So last year, he launched Gavelytics, a California company that uses analytics and artificial intelligence to analyze docket data and provide lawyers with a range of insights about judges’ propensities, workloads and leanings. In...
