Decision Analysis and Law
In the context of this conference, I have been asked to comment briefly on the role that decision analysis might play in the various problems faced by the legal profession. While this topic could probably fill several books, I think a few remarks here may be helpful.
KeywordsCollege Graduate Decision Analysis Legal Profession Legal Case Influence Diagram
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- 1.Decision analysts have many tools available in carrying out an analysis. Among them are assessing probabilities and probability distributions, performing deterministic and prob-abilistic analysis, computing the value of information, developing influence diagrams, and conducting sensitivity analysis. The later footnotes refer to some of these procedures.Google Scholar
- 2.See Ronald A. Howard & James E. Matheson, Influence Diagrams (1980), reprinted in Readings on the Principles and Applications of Decision Analysis (Ronald A. Howard & James E. Matheson eds., 1984); see also Ronald A. Howard, From Influence to Relevance to Knowledge, in Influence Diagrams, Belief Nets and Decision Analysis 3–23 (R.M. Oliver & J.Q. Smith eds., 1990); Ronald A. Howard, Knowledge Maps, 35 MGMT. SCI. 903 (1989).Google Scholar
- 3.See Ronald A. Howard, Options, in Wise Choices: Decisions, Games, and Negotiations (Richard Zeckhauser et al. eds., 1996).Google Scholar