There are 2 item(s) tagged with the keyword "Wrongful Death".
An attorney recently brought to my attention an article in The New York Times that discussed a concept known as the value of a statistical life (“VSL”). The article cited sources placing this value in the range of $5 to $9 million. The attorney was interested in knowing whether the notion of VSL could be used in wrongful death lawsuits as an element of compensation to the survivors of the decedent. Given that courts must make dollar decisions on various components of compensation in death cases, it is reasonable to wonder whether VSL affords a more “scientific” basis for such assessments. I wrote a mini-white paper explaining VSL, the various methods by which it has been computed, and opining on the appropriateness of introducing VSL into the courtroom. You can read that white paper here.
An article published in the Journal of Forensic Economics describes the basic law and practice of determining economic damages in courts in the State of Texas. Although the article was written primarily for forensic economists it can serve as a good primer to attorneys or anyone seeking a foundational understanding of the Texas Rules of Evidence, relevant case law concerning scientific and technical evidence, as well as common practices applied by economists in computation of economic damages in personal injury and wrongful death cases.