When findings from Gambling Theory Research such as the Fourfold Pattern are applied to Settlement Negotiations in civil legal disputes the long-term $$$ impacts of our tendency toward risk aversion can be substantial. This article focuses on the compelling findings of legal scholar Chris Guthrie when he applied the Fourfold Pattern to two situations in which the plaintiff and defendant in a civil suit consider a possible settlement. 1️⃣ Plaintiff has a strong case; and 2️⃣ Frivolous Litigation …
