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This document discusses when lawyers use economics experts in cases, specifically personal injury cases. It outlines Scott Gilbert's background and experience as an economics expert witness. Economics experts are useful in personal injury cases to estimate future economic damages like medical costs, lost earnings, and lost household productivity. The expert works with the lawyer to understand the case, provide an analysis and report, and potentially testify. Their role is to reduce risk and uncertainty around calculating damages for the jury.
Iicle slides gilbert
- 1. Using an Expert in Calculating Damages Forensic Economics & Scienti鍖c Evidence Scott Gilbert1 1 Economics Department Southern Illinois University Carbondale IICLE R Advanced Personal Injury Law, March 2013 Scott Gilbert Calculating Damages
- 2. Objectives Explain the general circumstances in which lawyers use economics experts in their cases. Scott Gilbert Calculating Damages
- 3. Objectives Explain the general circumstances in which lawyers use economics experts in their cases. For personal injury cases, list circumstances in which economics experts are useful. Scott Gilbert Calculating Damages
- 4. Objectives Explain the general circumstances in which lawyers use economics experts in their cases. For personal injury cases, list circumstances in which economics experts are useful. Describe the working relationship between the lawyer and economics expert. Scott Gilbert Calculating Damages
- 5. Objectives Explain the general circumstances in which lawyers use economics experts in their cases. For personal injury cases, list circumstances in which economics experts are useful. Describe the working relationship between the lawyer and economics expert. Distinguish between di鍖erent economic approaches to determining economic damages. Scott Gilbert Calculating Damages
- 6. Objectives Explain the general circumstances in which lawyers use economics experts in their cases. For personal injury cases, list circumstances in which economics experts are useful. Describe the working relationship between the lawyer and economics expert. Distinguish between di鍖erent economic approaches to determining economic damages. Decide whether an economic expert is right for your case. Scott Gilbert Calculating Damages
- 7. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Court Experience Scott Gilbert Calculating Damages
- 8. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Bachelors in economics, University of California Berkeley Court Experience Scott Gilbert Calculating Damages
- 9. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Bachelors in economics, University of California Berkeley Tenured associate professor at Southern Illinois University Court Experience Scott Gilbert Calculating Damages
- 10. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Bachelors in economics, University of California Berkeley Tenured associate professor at Southern Illinois University Previously at Federal Reserve Bank of San Francisco Court Experience Scott Gilbert Calculating Damages
- 11. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Bachelors in economics, University of California Berkeley Tenured associate professor at Southern Illinois University Previously at Federal Reserve Bank of San Francisco Court Experience Expert witness - Gilbert Economics (gilberteconomics.com) Scott Gilbert Calculating Damages
- 12. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Bachelors in economics, University of California Berkeley Tenured associate professor at Southern Illinois University Previously at Federal Reserve Bank of San Francisco Court Experience Expert witness - Gilbert Economics (gilberteconomics.com) Cases: personal injury, wrongful death, contract law, divorce Scott Gilbert Calculating Damages
- 13. About Me Scott Gilbert Background Ph.D. in economics, University of California San Diego Bachelors in economics, University of California Berkeley Tenured associate professor at Southern Illinois University Previously at Federal Reserve Bank of San Francisco Court Experience Expert witness - Gilbert Economics (gilberteconomics.com) Cases: personal injury, wrongful death, contract law, divorce Courts: federal and state, Illinois, Missouri, Kentucky, Mississippi Scott Gilbert Calculating Damages
- 14. High-Stakes Cases Key Elements economic damages: $$$ Role of the Economist Scott Gilbert Calculating Damages
- 15. High-Stakes Cases Key Elements economic damages: $$$ risk averse lawyers Role of the Economist Scott Gilbert Calculating Damages
- 16. High-Stakes Cases Key Elements economic damages: $$$ risk averse lawyers Role of the Economist discovery, forensic economics Scott Gilbert Calculating Damages
- 17. High-Stakes Cases Key Elements economic damages: $$$ risk averse lawyers Role of the Economist discovery, forensic economics reduce risk to lawyers Scott Gilbert Calculating Damages
- 18. The Big Personal Injury Case Economic Loss Elements medical costs Role of the Economist Scott Gilbert Calculating Damages
- 19. The Big Personal Injury Case Economic Loss Elements medical costs earnings loss Role of the Economist Scott Gilbert Calculating Damages
- 20. The Big Personal Injury Case Economic Loss Elements medical costs earnings loss household productivity loss Role of the Economist Scott Gilbert Calculating Damages
- 21. The Big Personal Injury Case Economic Loss Elements medical costs earnings loss household productivity loss Role of the Economist estimate the present value of future losses Scott Gilbert Calculating Damages
- 22. The Big Personal Injury Case Economic Loss Elements medical costs earnings loss household productivity loss Role of the Economist estimate the present value of future losses reduce risk about jurys 鍖ndings Scott Gilbert Calculating Damages
- 23. You and the Forensic Economist Working Together fees Scott Gilbert Calculating Damages
- 24. You and the Forensic Economist Working Together fees documents Scott Gilbert Calculating Damages
- 25. You and the Forensic Economist Working Together fees documents discussion Scott Gilbert Calculating Damages
- 26. You and the Forensic Economist Working Together fees documents discussion report Scott Gilbert Calculating Damages
- 27. You and the Forensic Economist Working Together fees documents discussion report testimony Scott Gilbert Calculating Damages
- 28. What Your Economist is Thinking Ideas make-whole principle Scott Gilbert Calculating Damages
- 29. What Your Economist is Thinking Ideas make-whole principle observed versus but-for wellbeing Scott Gilbert Calculating Damages
- 30. What Your Economist is Thinking Ideas make-whole principle observed versus but-for wellbeing present values: observed minus but-for Scott Gilbert Calculating Damages
- 31. What Your Economist is Thinking Ideas make-whole principle observed versus but-for wellbeing present values: observed minus but-for discount rate Scott Gilbert Calculating Damages
- 32. What Your Economist is Thinking Ideas make-whole principle observed versus but-for wellbeing present values: observed minus but-for discount rate market values Scott Gilbert Calculating Damages
- 33. Scienti鍖c Evidence Standards, Rules, Precedent Frye standard Scott Gilbert Calculating Damages
- 34. Scienti鍖c Evidence Standards, Rules, Precedent Frye standard Daubert standard Scott Gilbert Calculating Damages
- 35. Scienti鍖c Evidence Standards, Rules, Precedent Frye standard Daubert standard Federal Rules of Evidence (702) Scott Gilbert Calculating Damages
- 36. Scienti鍖c Evidence Standards, Rules, Precedent Frye standard Daubert standard Federal Rules of Evidence (702) Jones & Laughlin Steel Corp. v. Pfeifer, 103 S. Ct 2541 (1983) Scott Gilbert Calculating Damages
- 37. Scienti鍖c Evidence Standards, Rules, Precedent Frye standard Daubert standard Federal Rules of Evidence (702) Jones & Laughlin Steel Corp. v. Pfeifer, 103 S. Ct 2541 (1983) Reference Manual on Scienti鍖c Evidence Scott Gilbert Calculating Damages
- 38. Is an Economics Expert Right for your Case? Checklist Do I have a high-stakes case? Scott Gilbert Calculating Damages
- 39. Is an Economics Expert Right for your Case? Checklist Do I have a high-stakes case? Do I face signi鍖cant risk, in terms of jury award of economic damages? Scott Gilbert Calculating Damages
- 40. Is an Economics Expert Right for your Case? Checklist Do I have a high-stakes case? Do I face signi鍖cant risk, in terms of jury award of economic damages? Do I know how to 鍖nd a good economics expert? Scott Gilbert Calculating Damages
- 41. Is an Economics Expert Right for your Case? Checklist Do I have a high-stakes case? Do I face signi鍖cant risk, in terms of jury award of economic damages? Do I know how to 鍖nd a good economics expert? Can I a鍖ord several $1, 000s for such an expert? Scott Gilbert Calculating Damages
- 42. Is an Economics Expert Right for your Case? Checklist Do I have a high-stakes case? Do I face signi鍖cant risk, in terms of jury award of economic damages? Do I know how to 鍖nd a good economics expert? Can I a鍖ord several $1, 000s for such an expert? Can I work e鍖ectively with an economics expert? Scott Gilbert Calculating Damages
- 43. Is an Economics Expert Right for your Case? Checklist Do I have a high-stakes case? Do I face signi鍖cant risk, in terms of jury award of economic damages? Do I know how to 鍖nd a good economics expert? Can I a鍖ord several $1, 000s for such an expert? Can I work e鍖ectively with an economics expert? If yes to all of the above, then hire an econ. expert. Scott Gilbert Calculating Damages
- 44. Questions ? Scott Gilbert Calculating Damages