#UNITED STATES PUBLIC MACPILOT A FI TRIAL#

Merrell Dow Pharmaceuticals, Inc., and other admissibility tests, many but not all jurisdictions allow economic expert witness testimony on hedonic damages. For example, the Nevada Supreme Court unanimously approved of such testimony in Banks v. Similarly, the 4th Appellate District in Ohio allowed such testimony based on Daubert in Lewis v.

#UNITED STATES PUBLIC MACPILOT A FI TRIAL#

The Court of appeals in the Lewis case held that the trial judge properly ruled that the testimony met the Daubert Standards, and that it was within the discretion of the trial court to have admitted hedonic damages testimony. The measurement of hedonic damages is based on some 40 years of extensive, well-accepted, peer-reviewed, economic research on the value of a statistical life (VSL). This measurement is controversial among forensic economists. The Value of Statistical Life literature is accepted by most forensic economists, including those economists few who oppose the admission of hedonic damages testimony. Many courts nationwide have allowed such testimony but judges have significant discretion as to its admissibility.

Economists generally agree that the VSL is in the $4 million to $5 million range. This value is an average of many published results based on economic research using the willingness-to-pay model.

United states public macpilot a fi