Analytical Methods - Folge 1: Decision Theory LMU Analytical Methods for Lawyers - Lehrstuhl für Bürgerliches Recht, Deutsches, Europ. und Int. Unternehmensrecht

Decision Theory - Fundamental concepts; Expected value; Cumulative Probabilities; Serially cumulative probabilities; Decision trees; TreeAgePro and other software for litigation risk analysis; Difficulties in building the tree; Discounting and risk preferences; Risk aversion; Sensitivity analysis; Challenges to the rationality assumption.