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Alternative Dispute Resolution,
Law Practice

Dec. 21, 2018

Before you decide to settle your case, you should ‘try’ your case

Our cognitive bias prevents us from learning the lessons that experience can teach us -- this is the point: bias clouds our ability to make reasoned decisions.

Robert S. Mann

Neutral
ADR Services, Inc.

Email: rmann@adrservices.com

Robert mediates and arbitrates business, real estate and construction disputes.

See more...

Before you decide to settle your case, you should ‘try’ your case
Experience (not really much different from what Khaneman calls the "reference class forecasting") teaches us that things can and do go wrong, sometimes with very bad results. What Khaneman is teaching us is that our cognitive bias prevents us from learning the lessons that experience can teach us -- this is his point: bias clouds our ability to make reasoned decisions. (Shutterstock)

Every few centuries a genius comes along and upends our view of the world. Galileo taught us that the earth revolves the sun, Newton showed us a few new ideas about physics, Marie Curie started us down the road toward antibiotics, Darwin illuminated the concept of the evolution of species. Freud revolutionized our thinking about psychology. I believe that Daniel Kahneman, winner of the Nobel Prize in Economics, has done the same to our understanding of the way in whic...

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