The Litigation Psychology Podcast #45 - Nuclear verdicts
The myth of social inflation
CSI Litigation Consultant Dr. Steve Wood joins the podcast to discuss the causes of nuclear verdicts and the myth of social inflation. Dr. Wood and Dr. Kanasky explain the psychology behind the concept of social inflation and why it is being promoted so much. They also talk about how you can leverage early jury research and science to find out what will happen in a case, and the importance of doing this research before settlement negotiations begin. Lastly, they discuss the myth of the millennial juror plus how the plaintiff's bar is doing so much more, and so much better, than the defense bar in terms of cooperation with one another and the gaps this creates.