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by nevinera
958 days ago
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If on average 100% of cases involve a company that is paying for an arbitration lawyer and even 80% of cases involve an individual that is paying for an arbitration lawyer (which I _highly doubt_, though I couldn't quickly find numbers), the net result in the long term is not that "20% of individuals get a negative outcome", it's far worse. This article is talking about the net effect, which is that the fact that there _is_ asymmetry means that arbitrators have an interest in _being_ biased against the individual, which means that even if you are paying for an arbitration lawyer, they are simply ruling out the _most_ biased firms, while the corporate arbitration lawyer is ruling out the _least_ biased firms. Think natural-selection, rather than game theory. |
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The idea of going into arbitration against a company without a lawyer seems absolutely insane to me and I would bet that the number of plaintiffs with representation is close to 100%. I also do not have actual data on this, though.