Since 1985, Litigation Analytics, Inc. (LAI) has been involved in thousands of cases arising from all types of negligence or accidents, including those arising from aviation and other forms of transportation, medical malpractice, construction and products liability.
Our work regularly brings us into contact with inappropriate applications of rules of thumb, or myths, disguised as economics. These applications can be classified as counterfeit goods. A sense of legitimacy is often sought by referring to these rules of thumb as “forensic economics,” suggesting this to be a separate field of economic science. It is simply not logical to address earnings and expenditures with one method in a court of law and another for all applications outside the courtroom.