What is "Decision Error" In Mediation ?
There are probabilities of reaching a wrong conclusion at mediation and consequences to reaching a wrong conclusion at mediation. Studies show that 61% of the time persons rejecting a settlement offer receive less at trial than the last offer made by the paying party at mediation. In turn, 24% of the time the paying party makes the same mistake by rejecting the last demand and then has to pay 10X more to satisfy a judgment. - - Journal of Empirical Studies, Volume 5, Issue 3.