(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 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.
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 it.
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.