SSRN Home Search and Download Papers Browse Abstract and Paper Submission Subscribe to Networks View Briefcase Top Papers Top Authors Top Institutions
 
  go to Document Delivery
  Paper Stats:
   Abstract Views: 642
   Downloads: 0
A Positive Psychological Theory of Judging in Hindsight

JEFFREY J. RACHLINSKI
Cornell Law School


University of Chicago Law Review, Vol. 65, 1998
 

Abstract:     
Past events frequently seem inevitable and predictable after they unfold -- a tendency that cognitive psychologists have labeled the "hindsight bias." This bias affects judgments of liability in the legal system. For example, by making adverse outcomes seem more predictable (and hence avoidable) than they really were, defendants can be held liable for adverse outcomes that hey could not have foreseen. In effect, judgments of liability made under a negligence standard resemble those made under a standard of strict liability. Courts, however, have historically shown an awareness of the hindsight bias. When possible, courtshave developed methods of making judgments that avoid reliance on the hindsight bias. These adaptations include barring after-acquired information from the decision-making process and carefully enforcing any ex ante understanding about liability that parties may have had. When no such mechanisms are available, the courts choose sensibly among second-best solutions. The legal system is thus shown to incorporate and adapt to this limitation on human judgment.

 
Accepted Paper Series
 


Contact Information for JEFFREY J. RACHLINSKI (Contact Author)


Email address for JEFFREY J. RACHLINSKI
Cornell Law School
Myron Taylor Hall
Ithaca , NY 14853
United States
607-255-5878 (Phone)
607-255-7193 (Fax)


 
 
Email Abstract or URL
 
SSRN Resources
To search for other abstracts in the SSRN archival database, click here.

To order a membership to an SSRN Network or to subscribe to one or more of SSRN's journals, go to our online subscription request form.

To go to SSRN's main web site (www.ssrn.com), click here.

© 2008 Social Science Electronic Publishing, Inc. All Rights Reserved. Terms of Use
This page was served by apollo 4 in 0.125 seconds.