The Value of Truth and the Optimal Standard of Proof in Legal Disputes
This paper models the fact-finding process as one in which the defendant is accused of violating some legal standard (e.g. exceeding the speed limit). The fact-finder cannot observe the actual behavior but observes some variable that is a noisy signal of
SMU Cox: Business Economics (Topic)
Davis, Michael L., "The Value of Truth and the Optimal Standard of Proof in Legal Disputes" (2000). O'Neil Center for Global Markets and Freedom Research. 24.