(72) However, our supposition is that although the item of evidence supports only a 40 percent probability, the lay jurors will misvalue
the item and treat it as creating a 60 percent probability.
the risks and the opportunities for environmental, social and governance factors.
The corporation's false statements may influence traders in the secondary market and cause them to misvalue
the corporation's securities.
care but ignore or misvalue
some risks when they impose liability.
In an inefficient stock market, investors may misvalue
the information content of accounting disclosures, which would in turn lead them to incorrect predictions and decisions (Botosan, 1997).
However, even assuming that reliable base rate information is available and admissible, without the qualitative insights that emerge from Bayesian analysis there is a significant danger that the fact-finder will misvalue
If he forecasts GAAP earnings, will he misvalue
the firm because GAAP earnings are deficient?
PLACIDL tp = placidly PLACIDYL ta3 = deiphically, edaphically VALIUM tp = maulvi VALIUM ta2 = alluvium, impluvia, misvalue
, velarium PERCODAN tp = endocarp PERCODAN ta1 = cardphone, endocarps, phonecard DEMEROL tp = modeler, remodel DEMEROL ta1 = modelers, rebeldom, remolade, remodels DILAUDID ta6 = individualized LIDOCAINE ta1 = decisional HYCODAN ta2 = diachylon
135, 138-39 (1993) (noting that a "self-serving bias" will cause parties to misvalue
litigation in their favor).
Without any small business exception (or a very small one), taxpayers will be able to misvalue
assets like the rented room in the above example to reduce taxes.
They say things like: We are entitled to fight unreasonable regulations or overreaching discovery requests or unscrupulous opponents with obstructive tactics; we would be foolish to insist to our clients that they strictly comply with underenforced laws that everyone else routinely ignores; juries are likely to misvalue
certain kinds of evidence so every tactic designed to keep them from hearing it is justified; totally scorched-earth criminal defense is justified because prosecutors have an overwhelming advantage, juries don't understand burden-of-proof instructions, sentences are hideously excessive and prisons area nightmare that almost nobody should have to endure.
If the structure of the market were not a straight line or something very similar, the model would misprice (or misvalue
) the property significantly.