Hence, I have testified on the loss of enjoyment of life damages in personal injury and wrongful death cases not only in Nevada, but also in most other states. Over the past decades, courts around the nation have recognized that the peer-reviewed value-of-life literature in economics has developed to the point where it can provide useful guidance to jurors, assisting them in the valuation process for loss of enjoyment of life. Awards for the loss of enjoyment of life in Nevada, as in most states, are independent of pain, suffering and mental anguish. Perhaps the most notable instances of the impact of this testimony were in the endoscopy cases where I testified to compensatory and punitive losses resulting in verdicts that ranged into the several hundred million dollars. 89, 102 P.3d 52 (2004), my testimony on the loss of enjoyment of life in personal injury has been accepted by Nevada courts many dozens of times. We hope you get as much out of his well-respected knowledge as we do. To celebrate Smith’s new affiliation with VLM (which we think is quite the coup), we’re reprinting his first VLM submission which appeared in our inaugural 2015 issue.
He pioneered the development of “Hedonic Damages” in landmark cases, and has been featured in the ABA Journal, National Law Journal, the Wall Street Journal, and on Larry King Live. Other accolades? Smith pioneered the first course in Forensic Economics at DePaul University, based on his textbook, Economic/Hedonic Damages: The Practice Book for Plaintiff and Defense Attorneys. Testifying nationwide in personal injury, wrongful death and commercial damages cases, Smith has assisted thousands of law firms in successful results for both plaintiffs and defendants, including the U.S. Smith is a nationally renowned expert in his field and was trained at the University of Chicago, one of the world’s pre-eminent institutions for the study of economics and the home of the law and economics movement. Smith, Ph.D., will be a regular contributor to the publication on the topic of economics.
Economic Damages in Nevada The Loss Of Society, Companionship & Other Economic Damages
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