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Dubious Assumptions Economic Models And Expert Testimony
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Book Synopsis Dubious Assumptions, Economic Models, and Expert Testimony by : Jeff Todd
Download or read book Dubious Assumptions, Economic Models, and Expert Testimony written by Jeff Todd and published by . This book was released on 2018 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Courts expect plaintiffs in complex litigation to prove damages through sophisticated economic models using techniques like regression analysis. Courts in the Daubert era also scrutinize the assumptions underlying those models and sometimes exclude expert testimony because of dubious assumptions. Through academic commentary and a survey of cases, this article describes the assumptions underlying economic models, identifies three types of assumptions courts find problematic, and clarifies the legal grounds and rationales courts use in declining to admit expert testimony based on such models.
Book Synopsis Realistic Assumptions in Economic Models by : Jeff Todd
Download or read book Realistic Assumptions in Economic Models written by Jeff Todd and published by . This book was released on 2018 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expert testimony backed by economic models is essential for showing discrimination in employment cases, proving causation in antitrust suits, and measuring damages in an array of complex business litigation. Courts lack consistency and coherence in admissibility decisions regarding expert testimony based on economic models, in particular when the opponent targets the model's assumptions as unrealistic. This article surveys the body of scholarship by economics methodologists on realism and assumptions, in particular the “reorientation” of the issue starting in the 1990s. The methodologists recognize different ways in which assumptions are realistic or unrealistic: by excluding factors, models are partial representations of the real world and therefore incomplete; assumptions may be confirmed or disconfirmed by evidence; and idealizations and omissions might be plausible or implausible to the target audience. The have also identified different functions for assumptions, such as excluding some factor as negligible, limiting the domains in which the model can be applied, and idealizing or omitting for purposes of tractability. Concern about whether assumptions are realistic is heightened in the context of applied models, such as those used in litigation. This survey leads to guidelines backed by theory for evaluating economics expert testimony for admissibility. All models are necessarily incomplete representations of the real world because they isolate and simplify, but so long as they offer insight about some relevant question, they are not unrealistic. If a modeler offers no explanation for a challenged assumption's purpose or if evidence disconfirms a key assumption, then the judge as gatekeeper is justified in declining to admit the testimony. If the modeler makes idealizations or omissions for the purpose of empirical tractability, then the realisticness of those assumptions is a question of plausibility for the factfinder. Sometimes common sense cannot help with evaluating a complex theoretical model or model built upon numerous questionable assumptions, so the judge should admit the model but take a heavier hand in evaluating it for sufficiency.
Book Synopsis The Handbook of Pluralist Economics Education by : Jack Reardon
Download or read book The Handbook of Pluralist Economics Education written by Jack Reardon and published by Routledge. This book was released on 2009-09-10 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a blueprint for those interested in teaching from a pluralist perspective, regardless of ideology. It provides educators, policy makers and students with helpful suggestions for implementing pluralism into pedagogy, by offering detailed suggestions and guidelines for incorporating pluralist approaches tailored to specific individual courses. The Handbook for Pluralist Economics Education specifically provides practical suggestions for professors willing to implement pluralism in the classroom and increases the pedagogical influence of pluralist economics while reducing the hegemony of monism at any level.
Download or read book Economics Rules written by Dani Rodrik and published by Oxford University Press, USA. This book was released on 2015 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist trains a lens on his own discipline to uncover when it fails and when it works.
Author :American Bar Association. House of Delegates Publisher :American Bar Association ISBN 13 :9781590318737 Total Pages :216 pages Book Rating :4.3/5 (187 download)
Book Synopsis Model Rules of Professional Conduct by : American Bar Association. House of Delegates
Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Book Synopsis Regulation Versus Litigation by : Daniel P. Kessler
Download or read book Regulation Versus Litigation written by Daniel P. Kessler and published by University of Chicago Press. This book was released on 2011-02 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The efficacy of various political institutions is the subject of intense debate between proponents of broad legislative standards enforced through litigation and those who prefer regulation by administrative agencies. This book explores the trade-offs between litigation and regulation, the circumstances in which one approach may outperform the other, and the principles that affect the choice between addressing particular economic activities with one system or the other. Combining theoretical analysis with empirical investigation in a range of industries, including public health, financial markets, medical care, and workplace safety, Regulation versus Litigation sheds light on the costs and benefits of two important instruments of economic policy.
Book Synopsis Models of Bounded Rationality: Empirically grounded economic reason by : Herbert Alexander Simon
Download or read book Models of Bounded Rationality: Empirically grounded economic reason written by Herbert Alexander Simon and published by MIT Press. This book was released on 1997 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bouded rationality (the limited extent to which rational calculation can direct human behaviour), Simon shows why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed.
Book Synopsis Reference Manual on Scientific Evidence by :
Download or read book Reference Manual on Scientific Evidence written by and published by . This book was released on 1994 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Basic Tort Law: Cases, Statutes, and Problems by : Arthur Best
Download or read book Basic Tort Law: Cases, Statutes, and Problems written by Arthur Best and published by Aspen Publishing. This book was released on 2018-02-13 with total page 1361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buy a new version of this Connected Casebook and receive access to the online e-book, practice questions from your favorite study aids, and an outline tool on CasebookConnect, the all in one learning solution for law school students. CasebookConnect offers you what you need most to be successful in your law school classes—portability, meaningful feedback, and greater efficiency. Offering comprehensive coverage that is suitable for one or two semester torts courses, Basic Tort Law: Cases, Statutes, and Problems, Fifth Edition’s flexible organization accommodates courses that begin either with coverage of intentional torts in Chapter 2 or negligence, beginning with Chapter 3. Chapters 9-17 allow teachers to select additional topics that fit best with their curriculum and interests. Key Features: Cases edited to moderate length, so professors can help students analyze judicial reasoning and treatment of policy implications. Practice-oriented problems in each chapter. A new section on the intentional tort of false imprisonment, covering the concepts of confinement, consent, intentionality, and the shopkeeper’s privilege. A new case addressing whether strict liability for abnormally dangerous activities applies to fracking, which, juxtaposed with another featured case, illustrates the differing ways courts have approached the Restatement factors. A new case discussing joint and several liability, offering a straightforward introduction that enhances or may be substituted for a more detailed treatment of this complicated area. CasebookConnect features: ONLINE E-BOOK Law school comes with a lot of reading, so access your enhanced e-book anytime, anywhere to keep up with your coursework. Highlight, take notes in the margins, and search the full text to quickly find coverage of legal topics. PRACTICE QUESTIONS Quiz yourself before class and prep for your exam in the Study Center. Practice questions from Examples & Explanations, Emanuel Law Outlines, Emanuel Law in a Flash flashcards, and other best-selling study aid series help you study for exams while tracking your strengths and weaknesses to help optimize your study time. OUTLINE TOOL Most professors will tell you that starting your outline early is key to being successful in your law school classes. The Outline Tool automatically populates your notes and highlights from the e-book into an editable format to accelerate your outline creation and increase study time later in the semester.
Book Synopsis Interpretations of Calamity by : K. Hewitt
Download or read book Interpretations of Calamity written by K. Hewitt and published by Routledge. This book was released on 2019-09-18 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1983, Interpretations of Calamity provides a provocative critique of the ‘dominant view’ of research into natural hazards. Throughout the world, there are now many people professionally engaged in the mitigation and control of risks & hazards, and the impact of continuing economic development will ensure that they are fully employed. There is a wealth of perspectives in the book, including weather and wheat yields in the Soviet Union and Canada, an historical view of underdevelopment and hazards in Ireland and the impact of a response to drought in southern Africa, the Sahel and the Great Plains of the USA. The book reflects the major themes of hazards in the context of economic development and social change. Most of the case studies are from the rural and agriculture scene. This book provides a unique view of the vital importance of food production and of the considerable, and sometimes calamitous, impact that frost, flood, storm and drought have on the wellbeing of millions of people and on the stability of the international economic system.
Book Synopsis The Foundations of Positive and Normative Economics by : Andrew Caplin
Download or read book The Foundations of Positive and Normative Economics written by Andrew Caplin and published by Oxford University Press. This book was released on 2010-06-25 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Foundations of Positive and Normative Economics: A Handbook is the first book in a new series by Andrew Caplin and Andrew Schotter. There is currently no guide available on the rapidly changing methodological frontiers of the field of economics. Economists have been introducing new theories and new sources of data at a remarkable rate in recent years, and there are widely divergent views both on how productive these expansions have been in the past, and how best to make progress in the future. The speed of these changes has left economists ill at ease, and has created a backlash against new methods. The series will debate these critical issues, allowing proponents of a particular research method to present proposals in a safe yet critical context, with alternatives being clarified. This first volume, written by some of the most prominent researchers in the discipline, reflects the challenges that are opened by new research opportunities. The goal of the current volume and the series it presages, is to formally open a dialog on methodology. The editors' conviction is that such a debate will rebound to the benefit of social science in general, and economics in particular. The issues under discussion strike to the very heart of the social scientific enterprise. This work is of tremendous importance to all who are interested in the contributions that academic research can make not only to our scientific understanding, but also to matters of policy.
Book Synopsis In Re Brand Name Prescription Drugs Antitrust Litigation by :
Download or read book In Re Brand Name Prescription Drugs Antitrust Litigation written by and published by . This book was released on 1997 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Expert Failure written by Roger Koppl and published by Cambridge University Press. This book was released on 2018-02-08 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roger Koppl develops a theory of experts and expert failure, and illustrates his theory with wide-ranging examples, including that of state regulation of economic activity.
Book Synopsis Examining Witnesses by : Michael E. Tigar
Download or read book Examining Witnesses written by Michael E. Tigar and published by American Bar Association. This book was released on 2003 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers virtually every type of witness and witness situation that a lawyer is likely to encounter.
Book Synopsis Models of Bounded Rationality: Economic analysis and public policy by : Herbert Alexander Simon
Download or read book Models of Bounded Rationality: Economic analysis and public policy written by Herbert Alexander Simon and published by MIT Press (MA). This book was released on 1982 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of Simon's papers on classical and neoclassical economic theory are contained in volume one.
Book Synopsis International Antitrust Law & Policy: Fordham Corporate Law 1998 by : Barry Hawk
Download or read book International Antitrust Law & Policy: Fordham Corporate Law 1998 written by Barry Hawk and published by Juris Publishing, Inc.. This book was released on 1998-06-01 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every October the Fordham Corporate Law Institute brings together leading figures from governmental organizations, leading international law firms and corporations and academia to examine and analyze the most important issues in international antitrust and trade policy of the United States, the EU and the world. This work is the most definitive and comprehensive annual analysis of international antitrust law and policy available anywhere. Each annual edition sets out to explore and analyze the areas of antitrust/competition law that have had the most impact in that year. Recent "hot topics" include antitrust enforcement in Asia, Latin America: competition enforcement in the areas of telecommunications, media and information technology. None of the chapters are merely descriptive, all raise questions of policy or discuss new developments and assess their significance and impact on antitrust and trade policy. All chapters, if necessary, are revised and updated before publication. As a result, the reader receives up-to-date practical tips and important analyses of difficult policy issues. The Annuals are an indispensable guide through the sea of international antitrust law. The Fordham Corporate Law Proceedings are acknowledged as simply the most definitive US/EC annual analyses of antitrust/competition law published.
Book Synopsis Equilibrium Models in Economics by : Lawrence A. Boland
Download or read book Equilibrium Models in Economics written by Lawrence A. Boland and published by Oxford University Press. This book was released on 2017 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose and problems for equilibrium models -- Equilibrium models and explanation -- Equilibrium attainment vs. equilibrium necessities -- Does general equilibrium attainment imply universal maximization? -- Time and knowledge matters : general equilibrium attainment -- Equilibrium concepts and critiques : two cultures -- The limits of equilibrium models -- Recognizing knowledge in equilibrium models -- Limits of equilibrium methodology an educational dialogue -- Equilibrium models vs. realistic understanding -- Macroeconomic equilibrium model building and the stability problem -- Equilibrium models intended to overcome limits -- Equilibrium models vs. evolutionary economic models -- Equilibrium models vs. complexity economics -- Building models of price dynamics -- Building models of non-clearing markets -- Building models of learning and the equilibrium process -- Bibliography -- Names index -- Subject index
