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Predictive Analytics
Social Networks and Personal Bankruptcy
June 25, 2015
This article examines the role of social networks in a household's bankruptcy decision. Social networks may affect a household's bankruptcy decision in many ways: they could provide information about the required paperwork, recommend an attorney, reduce the stigma associated with bankruptcy, or increase awareness of its benefits. Using data from the Panel Study of Income Dynamics (PSID), I exploit county and racial variation to identify network effects. My empirical strategy asks whether being surrounded...
June 25, 2015
This article examines the role of social networks in a household's bankruptcy decision. Social networks may affect a household's bankruptcy decision in many ways: they could provide information about the required paperwork, recommend an attorney, reduce the stigma associated with bankruptcy, or increase awareness of its benefits. Using data from the Panel Study of Income Dynamics (PSID), I exploit county and racial variation to identify network effects. My empirical strategy asks whether being surrounded...
A Win Win Negotiation Case Study Using Mind Mapping Negotiation Skills
June 23, 2015
Here is a win win negotiation case study using mind mapping, a negotiation skills you should consider adding to your negotiation and conflict management strategies. * * * In a meeting with the brothers, O’Dell created a mind map with the family business located at its center. Working together, the three men added branches to the map (working on a computer with a large monitor) that included the business’ interests, assets, and liabilities. A branch about commercial real-estate holdings,...
June 23, 2015
Here is a win win negotiation case study using mind mapping, a negotiation skills you should consider adding to your negotiation and conflict management strategies. * * * In a meeting with the brothers, O’Dell created a mind map with the family business located at its center. Working together, the three men added branches to the map (working on a computer with a large monitor) that included the business’ interests, assets, and liabilities. A branch about commercial real-estate holdings,...
Checkmate: Early Moves Define Negotiation Outcomes
June 23, 2015
The Litigation Section of the State Bar of Texas recently published Don Philbin’s article entitled “Checkmate: Early Moves Define Negotiation Outcomes” in its newsletter. In his article, the Chair of the Texas Bar’s ADR Section discusses the insight predictive analytics can provide to negotiators. According to Mr. Philbin, negotiations typically follow predictable social conventions and, much like chess, the first few moves are likely to set the board. In addition, advanced analytics suggest: Anchoring...
June 23, 2015
The Litigation Section of the State Bar of Texas recently published Don Philbin’s article entitled “Checkmate: Early Moves Define Negotiation Outcomes” in its newsletter. In his article, the Chair of the Texas Bar’s ADR Section discusses the insight predictive analytics can provide to negotiators. According to Mr. Philbin, negotiations typically follow predictable social conventions and, much like chess, the first few moves are likely to set the board. In addition, advanced analytics suggest: Anchoring...
LexPredict Hackathon Challenge – Extracting Simple Contract Metadata
June 21, 2015
Beyond the specific prize attached to upcoming hackathon event, we welcome anyone who (for fun) would like to take a crack...
June 21, 2015
Beyond the specific prize attached to upcoming hackathon event, we welcome anyone who (for fun) would like to take a crack...
3 White Collar Jobs That Robots Are Already Mastering
June 20, 2015
Over the past 20 years, we’ve seen plenty of blue collar jobs outsourced to machines — from auto assembly to customer service. Now, as computers, equipped with artificial intelligence, increasingly take over “information jobs,” tasks that were once reserved for skilled, college-educated white collar professionals are vulnerable. That’s the argument made by Silicon Valley entrepreneur Martin Ford in a new book, “Rise of the Robots: Technology and the Threat of a Jobless Future.” *...
June 20, 2015
Over the past 20 years, we’ve seen plenty of blue collar jobs outsourced to machines — from auto assembly to customer service. Now, as computers, equipped with artificial intelligence, increasingly take over “information jobs,” tasks that were once reserved for skilled, college-educated white collar professionals are vulnerable. That’s the argument made by Silicon Valley entrepreneur Martin Ford in a new book, “Rise of the Robots: Technology and the Threat of a Jobless Future.” *...
Technical Detail in Senate PATENT Act Could Have Major Impact in Eastern District of Texas
June 15, 2015
Particularly for Eastern District of Texas cases in which transfer is denied, the PATENT Act’s proposed discovery stay...
June 15, 2015
Particularly for Eastern District of Texas cases in which transfer is denied, the PATENT Act’s proposed discovery stay...
Corporate Counsel Say Law Firms Are Becoming More Tech-Savvy
June 14, 2015
Inside counsel identify 9 percent more law firms using technology as a source of innovation in 2015, according to a new BTI Consulting report. It’s no secret: there is a widespread perception in the legal industry that law firms are not on the forefront of technology adoption. Indeed, the idea that law firms are becoming more tech-savvy may sound oxymoronic, but a new survey of nearly 700 corporate counsel at Fortune 1000 companies revealed that more law firms are using client-facing technology. In...
June 14, 2015
Inside counsel identify 9 percent more law firms using technology as a source of innovation in 2015, according to a new BTI Consulting report. It’s no secret: there is a widespread perception in the legal industry that law firms are not on the forefront of technology adoption. Indeed, the idea that law firms are becoming more tech-savvy may sound oxymoronic, but a new survey of nearly 700 corporate counsel at Fortune 1000 companies revealed that more law firms are using client-facing technology. In...
The Simplest Way to Negotiate
June 9, 2015
Robert Axelrod in his book, The Evolution of Cooperation (Basic Books, Inc., New York, 1984) (Axelrod(81)_the_evolution_of_cooperation...
June 9, 2015
Robert Axelrod in his book, The Evolution of Cooperation (Basic Books, Inc., New York, 1984) (Axelrod(81)_the_evolution_of_cooperation...
Robo Advisors Take On Wall Street
June 7, 2015
Financial advisors have always enjoyed the fanciest of digs; but their plush offices and high-end art are being upended by software engineers sitting at Ikea desks. Silicon Valley swagger is testing Wall Street arrogance in an attempt to transform the insular world of financial advice. * * * Wealthfront and Betterment aim to keep it simple; both Websites ask users just a handful of questions about their goals, risk tolerance, and investment horizon. From there, algorithms calculate a recommended...
June 7, 2015
Financial advisors have always enjoyed the fanciest of digs; but their plush offices and high-end art are being upended by software engineers sitting at Ikea desks. Silicon Valley swagger is testing Wall Street arrogance in an attempt to transform the insular world of financial advice. * * * Wealthfront and Betterment aim to keep it simple; both Websites ask users just a handful of questions about their goals, risk tolerance, and investment horizon. From there, algorithms calculate a recommended...
World Bank Hiring Behavioral Economist and Behavioral Scientist
June 5, 2015
As part of a broader World Bank Group effort to incorporate recent advances in the social and behavioral sciences into its projects and programs, and following upon the well-received World Development Report 2015: Mind, Society, and Behavior, the World Bank is recruiting an exceptional behavioral economist to work in its new Behavioral Innovations Lab (BIL) as well as an exceptional behavioral scientist.
June 5, 2015
As part of a broader World Bank Group effort to incorporate recent advances in the social and behavioral sciences into its projects and programs, and following upon the well-received World Development Report 2015: Mind, Society, and Behavior, the World Bank is recruiting an exceptional behavioral economist to work in its new Behavioral Innovations Lab (BIL) as well as an exceptional behavioral scientist.
