Cardozo Law Review de novo just published a very short article of mine: Negligence’s X Factor, 2012 Cardozo L. Rev. de novo 318 [pdf download]. It’s just 4 pages.
Law students are familiar with the Hand Formula from Torts:
B < PL
Judge Richard Posner, working off an opinion by Judge Learned Hand, offered that this is a way of defining negligence: a precaution should be undertaken where the burden of doing so (B) is less than the probability of something going wrong (P) multiplied by the loss that would result (L).
My article reworks this inequality into an equation:
Bx = PL
Then I discuss what may follow from calculating the value of x.
I am very appreciative to the editors at Cardozo Law Review for their help this this.