The range accounts for liability probability, damages variability, and venue characteristics. It typically expresses low, expected, and high outcomes rather than a single figure.
Tail outcomes warrant separate consideration.
Alternative Names:
Verdict Range Estimate|Expected Verdict Range
Why it Matters?
Tail risk deserves separate treatment from the expected range, since a low-probability outcome far above the projected high can dominate the decision where it would materially harm the organization. Expressing that separately from the working range prevents it being averaged away. Venue-specific verdict research produces better ranges than national data, which understates the variance jurisdictions actually produce.
Frequently Confused with
Related terms
Frequently asked questions
Why treat tail risk separately?
What produces better ranges?
