Friedman, David - In: Journal of Law and Economics 39 (1996) 1, pp. 211-40
In Cimino v. Raymark, a court resolved 2,298 asbestos cases with 160 trials by grouping cases, trying a random sample of each group, and awarding all members of each group the average verdict. I propose an improved "I cut, you choose" version of the procedure designed to correctly allocate...