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Predictive Analytics
Traditional Mediation Tools Explained by Neuroscience
March 13, 2018
Mediators have many tools for facilitating an effective mediation. Neuroscience shows how our actions are influenced by stress hormones released when we perceive threats. Understanding the physiological stress response and its triggers helps us see why these traditional tools are effective. 1. Building Trust and Rapport: The stress response is triggered when threats outweigh resources for handling the threats. Building trust and rapport between mediator and party helps reduce stress in two ways....
March 13, 2018
Mediators have many tools for facilitating an effective mediation. Neuroscience shows how our actions are influenced by stress hormones released when we perceive threats. Understanding the physiological stress response and its triggers helps us see why these traditional tools are effective. 1. Building Trust and Rapport: The stress response is triggered when threats outweigh resources for handling the threats. Building trust and rapport between mediator and party helps reduce stress in two ways....
AI Is Besting Human Lawyers at Parsing Contracts. What Do Lawyers Think?
March 11, 2018
The results of the study—which was administered by independent attorney Christopher Ray and involved a stable of high-profile legal scholars—are striking. Using five nondisclosure agreements from the Enron data set as the baseline, 20 lawyers were pitted against LawGeex’s AI in parsing 30 provisions. On average, the LawGeex software achieved an accuracy rate of 94 percent. The humans? An average of 85 percent. Here’s the real kicker: The fastest human attorney completed the task in 51 minutes....
March 11, 2018
The results of the study—which was administered by independent attorney Christopher Ray and involved a stable of high-profile legal scholars—are striking. Using five nondisclosure agreements from the Enron data set as the baseline, 20 lawyers were pitted against LawGeex’s AI in parsing 30 provisions. On average, the LawGeex software achieved an accuracy rate of 94 percent. The humans? An average of 85 percent. Here’s the real kicker: The fastest human attorney completed the task in 51 minutes....
Waymo Robot Cars Need Little Human Help as GM Makes Big Leap
March 10, 2018
Self-driving cars developed by Waymo need less human backup than rivals – though General Motors Co.’s vehicles are improving fast. The Alphabet Inc. unit’s cars drove in autonomous mode for more than 352,000 miles on California public roads last year, and engineers took control just 63 times, according to a report filed to the state. Waymo and GM both disengaged their self-driving systems less than once per 1,000 miles during testing.
March 10, 2018
Self-driving cars developed by Waymo need less human backup than rivals – though General Motors Co.’s vehicles are improving fast. The Alphabet Inc. unit’s cars drove in autonomous mode for more than 352,000 miles on California public roads last year, and engineers took control just 63 times, according to a report filed to the state. Waymo and GM both disengaged their self-driving systems less than once per 1,000 miles during testing.
Assessing Cardiovascular Risk Factors with Computer Vision
March 10, 2018
Heart attacks, strokes and other cardiovascular (CV) diseases continue to be among the top public health issues. Assessing...
March 10, 2018
Heart attacks, strokes and other cardiovascular (CV) diseases continue to be among the top public health issues. Assessing...
Employing AI
March 9, 2018
Imagine that, today or in the not-so-distant-future, a company desires to take full advantage of the developments of artificial intelligence by effectively delegating all its hiring decisions to a computer. It gives the computer only one instruction: “Pick good employees.” Taking “Big Data” to the logical extreme, the computer is also provided with all the employer’s available data and empowered to find whatever data it might consider relevant on the web. Thought experiments, such as this...
March 9, 2018
Imagine that, today or in the not-so-distant-future, a company desires to take full advantage of the developments of artificial intelligence by effectively delegating all its hiring decisions to a computer. It gives the computer only one instruction: “Pick good employees.” Taking “Big Data” to the logical extreme, the computer is also provided with all the employer’s available data and empowered to find whatever data it might consider relevant on the web. Thought experiments, such as this...
“Critical Thinking” by Tversky & Liberman
March 8, 2018
The Legal Theory Bookworm recommends Critical Thinking: Statistical Reasoning and Intuitive Judgment by Amos Tversky & Varda Liberman on SSRN. Here is a description: Life is fundamentally uncertain. We do not know whether it will rain, whether the market will go up or down, whether our unhealthy eating choices will have serious consequences, or whether terrorists will strike our city. To make matters worse, we also lack a tried and true procedure for evaluating the likelihood of such...
March 8, 2018
The Legal Theory Bookworm recommends Critical Thinking: Statistical Reasoning and Intuitive Judgment by Amos Tversky & Varda Liberman on SSRN. Here is a description: Life is fundamentally uncertain. We do not know whether it will rain, whether the market will go up or down, whether our unhealthy eating choices will have serious consequences, or whether terrorists will strike our city. To make matters worse, we also lack a tried and true procedure for evaluating the likelihood of such...
3 Things The 2017 Patent Litigation Statistics Show Us
March 6, 2018
Because of the tendency for clients and lawyers to overestimate the likely return from the cases they are involved with,...
March 6, 2018
Because of the tendency for clients and lawyers to overestimate the likely return from the cases they are involved with,...
The Law Firm Disrupted: How Predictable Can Litigation Get and How Fast?
March 5, 2018
The leaders in litigation analytics want to move from amassing statistics to predicting outcomes. When that day comes, it's going to change everything. BLM, an insurance-focused firm in the U.K., announced this week a partnership with the London School of Economics that will advance its goals of becoming a leader in advanced data analytics. Three professors, including experts on decision-mapping, machine learning and an actuary, will work with the firm’s proprietary data to better understand...
March 5, 2018
The leaders in litigation analytics want to move from amassing statistics to predicting outcomes. When that day comes, it's going to change everything. BLM, an insurance-focused firm in the U.K., announced this week a partnership with the London School of Economics that will advance its goals of becoming a leader in advanced data analytics. Three professors, including experts on decision-mapping, machine learning and an actuary, will work with the firm’s proprietary data to better understand...
Ravel Law’s Integration with Lexis Advance
March 2, 2018
Daniel Lewis was just in his second year at Stanford Law School when he had an idea for a different way to do legal research, as I recounted in this 2014 ABA Journal article. His idea was to display search results visually, along a cluster map that shows the relationships among cases and their relative importance to each other. Shortly after he graduated in 2012, he and classmate Nicholas Reed had launched the legal research platform derived from his idea, Ravel Law. Last June, five years after...
March 2, 2018
Daniel Lewis was just in his second year at Stanford Law School when he had an idea for a different way to do legal research, as I recounted in this 2014 ABA Journal article. His idea was to display search results visually, along a cluster map that shows the relationships among cases and their relative importance to each other. Shortly after he graduated in 2012, he and classmate Nicholas Reed had launched the legal research platform derived from his idea, Ravel Law. Last June, five years after...
Richard Thaler and the Rise of Behavioral Economics
March 2, 2018
The emergence of behavioral economics is one of the most significant conceptual developments in the social sciences in the past 40 years. The central figure in the field in its early years was Richard Thaler. In this article, I review and discuss his scientific contributions.
March 2, 2018
The emergence of behavioral economics is one of the most significant conceptual developments in the social sciences in the past 40 years. The central figure in the field in its early years was Richard Thaler. In this article, I review and discuss his scientific contributions.
