Legal Process
Intermediate
Type I and Type II Errors
Type I errors are false positives, while Type II errors are false negatives in legal or regulatory decision-making.
Why It Matters
The distinction helps compare liability rules, enforcement thresholds, pleading standards, sanctions, and procedural safeguards by the kinds of mistakes they make more or less likely.
Selected Literature
A short list of directly relevant archive entries.
2000
Intermediate
The Economic Theory of Public Enforcement of Law
A. Mitchell Polinsky and Steven Shavell
Journal of Economic Literature
2004
Advanced
2016
Advanced