Confident forecasts of legal outcomes often rest on almost nothing but intuition.

Evidence

Mock trials are best at identifying the strengths and weaknesses of a case rather than predicting the size of jury awards, but Schlichtmann had found mock juries to be pretty accurate in the past. For now, though, the chart for Uncle Pete would have to suffice. It looked scientific, even fancy, like a sales brochure for a shiny new product, and Schlichtmann believed in it. His common sense told him it was right. But in truth, it was based on little more than intuition and a hope that everything would go according to plan. — , Harr Jonathan - A Civil Action, 1147

Categorization

  • XREF: Connects to the earlier highlights about financial derivatives and Black-Scholes, where a formal-looking pricing model performed reality rather than describing it. — connects to: Speculation addresses incalculable uncertainty, not merely probabilistic risk. — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 54; Legal reasoning reduces to the judge drawing distinctions and the lawyer predicting them — Ruggero J. Aldisert, Agatha D. Aldisert, Logic for Lawyers- A Guide to Clear…, 1301; Legal reasoning yields probability rather than absolute mathematical truths — Ruggero J. Aldisert, Agatha D. Aldisert, Logic for Lawyers- A Guide to Clear…, 242 (+9 more)

Broader Connections