Chapter

Shared Outrage, Erratic Awards

Daniel Kahneman, David A. Schkade and Cass R. Sunstein

in Punitive Damages

Published by University of Chicago Press

Published in print April 2002 | ISBN: 9780226780146
Published online March 2013 | e-ISBN: 9780226780160 | DOI: http://dx.doi.org/10.7208/chicago/9780226780160.003.0004
Shared Outrage, Erratic Awards

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This chapter aims to uncover some of the sources of unpredictability in punitive damages awards by juries. The principal conclusion is that people have great difficulty in using the scale of dollars. Without guidance about what is meant by various “points” on the dollar scale, different juries choose different amounts, not necessarily because they disagree about anything of importance, but because the choice of one or another dollar award often amounts to a stab in the dark. More specifically, the chapter offers three central findings, based on a study of the judgments of 899 jury-eligible citizens.

Keywords: punitive damages award; juries; dollar award; judgments; jury-eligible citizens; erratic awards

Chapter.  4142 words.  Illustrated.

Subjects: Company and Commercial Law

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