Introduction

I have learned that, with damages, you need to be very humble if you are a lawyer. I did a course on financial analysis and decision theory at the Harvard Business School in 1973. It was started with ten lawyers. After the first lecture, six of them dropped out. After the next lecture, two more dropped out. Only myself a friend of mine who later became the author of the world's largest arbitral award ever were left, but he dropped out after the third lecture. I scraped by and I did pass. I am very proud of that, but it was no great academic brilliance, and that has taught me a ...