Decision analysis and estimating litigation costs: Paper Chace

From Ron Friedman’s post about Juridica and other groups that invest in lawsuits, I read a comment by Jacob Ruytenbeek, host of the blog Paper Chace. Ruytenbeek offers another choice in the world of decision-tree software and services. It’s but a small grove, not a forest, but I have written before about decision-tree opportunities (See my post of Oct. 24, 2005: decision analysis and Bruce Beron and Marc Victor; June 18, 2007: belief nets as an improvement on decision trees; Jan. 17, 2006: other aspects of decision trees; May 15, 2005: Monte Carlo simulations; April 2, 2006: Predix; April 22, 2008: limitations on quantitative analysis of litigation; and Feb. 22, 2009: a simple explanation of decision trees.).

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