While views may vary, we believe firmly that witness preparation should involve asking witnesses the tough questions, for several reasons: First, we would argue it is better to pose a tough or ...

While courts have often warned that hindsight bias should be avoided when assessing whether a patented invention would have been obvious to the skilled person, the application of this principle can be ...

This post was written by Michael Pompian for Morningstar Advisor.com, where it initially appeared. People today are not retiring the way they used to. The days of the retirement party, the gold watch, ...

Have you ever found yourself saying, “I saw that coming”? If so, you may have been wrong. Hindsight bias, sometimes referred to as the “knew-it-all-along” effect, is a common cognitive bias that ...

In last week's blog, we analyzed Bill Belichick's decision to go for it on 4th down and 2 late in the game vs. Indianapolis. This was an unconventional but statistically sound decision. When the move ...