Master's Culminating Experience
Day after day, people get terminated, injured, or even killed. In forensic economics, more specifically, in personal injury and wrongful death litigation, the injured party is often allowed to receive compensation for the economic losses suffered. It is the job of an economic expert to evaluate the damages in the different personal injury and wrongful death cases. The following report demonstrates three different situations when economic damage evaluation would be performed by an expert. Two of the cases evaluate lost earnings (including fringe benefits) and lost support to the injured person and/or the immediate surviving family members. The third case evaluates the cost of a life care plan produced by a life care planner resulting from injuries suffered by a person. In addition to the numeric evaluations and narratives of the three different cases, the report also includes a review of past literature about a highly controversial issue in personal injury and wrongful death litigation, the net discount rate.
(2003). Beyond the Reality of Injury and Statistical Death: An Internship Experience in Forensic Economics. .