Expected Value Arbitration

79 Pages Posted: 20 Nov 2007 Last revised: 15 Oct 2008

See all articles by Joshua P. Davis

Joshua P. Davis

University of San Francisco - School of Law

Abstract

This Article proposes a new form of dispute resolution, Expected Value Arbitration or "EVA." It would award a plaintiff the expected value of the outcome at trial or, in other words, the plaintiff would receive the amount she would recover on average if numerous courts were to decide her claim.

EVA's novel use of expected value gives it several virtues that distinguish it from trial, traditional binding arbitration, and other academic proposals for imposed compromise: first, EVA allows parties to insist on their legal rights without braving the risks of winner-take-all adjudication; second, it minimizes errors in adjudication; and, third, it encourages desirable expenditures in litigation.

Moreover, unlike past proposals for imposed compromise, EVA involves arbitration, not trial. This makes EVA a practical idea. It also means that the right of the individual to resolve her civil legal disputes as she chooses supports making EVA available to litigants, whether one assesses EVA from an economic, rights-based, or public-life conception of adjudication.

Keywords: dispute resolution, expected value arbitration

Suggested Citation

Davis, Josh Paul, Expected Value Arbitration. Oklahoma Law Review, Vol. 57, No. 1, 2004, Available at SSRN: https://ssrn.com/abstract=1031251

Josh Paul Davis (Contact Author)

University of San Francisco - School of Law ( email )

2130 Fulton Street
San Francisco, CA 94117
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
64
Abstract Views
800
rank
375,050
PlumX Metrics