July 15, 2021

Free Webinar for Litigators and Mediators: July 21: The Top 7 Psychological Traps to Watch Out For in Litigation and Mediation

Josh Fruchter
We are pleased to announce a free webinar for litigators and mediators on Wednesday, July 21, 2021 at 12:30 PM EST entitled “The Top 7 Psychological Traps to Watch Out For in Litigation and Mediation.” The presenter is Joshua E. Fruchter, Esq., a mediator and litigator with over twenty five..
Read More
July 15, 2021

Misuse of Probability in Decision Tree Analysis: Avoiding Garbage In, Garbage Out

Josh Fruchter
During our June 23 webinar on decision tree analysis, an attendee shared having heard complaints that decision tree analysis is unfair to plaintiffs because the multiple probabilities in the tree whittle down their expected damages. However, it’s only when the “whittling down” results from misuse of the rules of probability..
Read More
July 5, 2021

Why Sunk Costs Are Irrelevant to Decision Tree Analysis in Mediation

Josh Fruchter
At our June 23, 2021 webinar on decision tree analysis, we examined how to calculate the expected value (EV) of a lawsuit using a decision tree in connection with a mediation or settlement negotiations. We also discussed that once an EV is calculated, plaintiffs should subtract from EV the anticipated..
Read More