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Forecasting Product Liability Claims: Epidemiology and Modeling in the Manville Asbestos Case (Statistics for Biology and Health)

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This choice of papers encompasses contemporary methodological advances in several important areas, such as multivariate failure time data and interval censored data, in addition to innovative applications of the existing theory and methods. The use of a rigorous account of statistical forecasting efforts that led to the successful resolution of the John-Manville asbestos litigation, the models in this volume will also be adapted to forecast industry-wide asbestos liability. More in most cases, since the models don’t seem to be overly dependent at the U.S. legal system and the role of asbestos, this volume will be of interest in other product liability cases, in addition to similar forecasting situations for a range of insurable or compensational events. During the text, the emphasis is at the iterative nature of model building and the uncertainty generated by lack of complete knowledge of the injury process. This uncertainty is balanced against the court’s need for a definitive settlement, and how these opposing principles will also be reconciled. A valuable reference for researchers and practitioners in the field of survival analysis.

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