Insights: Publications Informed Drafting and Prosecution of Software and AI Patents

ABA Landslide, Vol. 12, No. 2

Making an informed decision requires a circumstance in which actions have predictable results. For example, suppose that Action A is 90 percent likely to result in Result A and 10 percent likely to result in Result B, while Action B is 100 percent likely to result in Result B. A decision maker can then weigh the cost of Action A, the potential value of Result A, the cost of Action B, and the potential value of Action B to determine which action to take. In some instances, result predictions depend on a set of variables. Knowing these variables increases the degree to which an informed decision can be made. When these variables depend on luck or future events, risk-adverse decision makers will be more likely to avoid costly actions.

Latest Thinking

View more Insights
Insights Center
close
Loading...
If you would like to receive related insights and information from Kilpatrick Townsend, please provide your contact details by filling out the form and clicking “Agree.” If you would like to access the PDF only, please click “Download Only.”