Description:

The talk is an introduction to the application of decision tree analysis to litigation and mediation. A participatory demonstration sets out the basics of decision theory, decision trees, subjective probability, value of information, value of control, risk attitude, and how to use these tools to determine settlement valuation. We will then discuss how to best use these principles and tools to both communicate clearly with the disputants and promote speedier resolution in mediation and settlement negotiations.n
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Discussion Leader
Bruce L. Beron, Ph.D.

Dr. Bruce L. Beron founded the Litigation Risk Management Institute in 1988. He has trained thousands of attorneys and executives in Litigation Analysis and Decision and Risk Analysis. Dr. Beron has successfully conducted Litigation Risk Management & Settlement Valuation Analyses in a broad spectrum of cases involving national class action settlements, antitrust, toxic torts, product liability, securities law, patent infringement, insurance and breach of contract. He has also written papers, given talks, and participated in panel discussions relating to the use of Litigation Risk Management for ADR in general and for mediation and arbitration in particular. Many of his consulting assignments have involved assisting clients with mediation and arbitration.

For more information, please see his web site: www.litigationriskmanagement.com