Because it works.
The larger the amount you sue for, the more money you win.
Via Priceless: The Myth of Fair Value (and How to Take Advantage of It):
How far can you push anchoring in the courtroom? Does a smart attorney ask for a billion gazillion dollars?
The conventional wisdom says no. There is said to be a “boomerang effect.” Over-the-top demands backfire by making the plaintiff or attorney look greedy. Juries retaliate by awarding less than they would have with a sensible demand.
However:
The mock jurors were asked to give compensatory damages only. Anyone who wants to believe in the jury system must find the resuls astonishing.
Demand    Award
$100Â Â Â Â Â Â Â Â Â $990
$20,000Â Â Â Â Â $36,000
$5 million   $440,000
$1 billion    $490.000
…Asking for $1 billion — an utterly insane number — still got more money than asking for $5 million did. It just didn’t get much more.
TheRedArchive is an archive of Red Pill content, including various subreddits and blogs. This post has been archived from the blog bakadesuyo.
Title | Why do people always sue for ludicrous amounts of money? |
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Author | Eric Barker |
Date | May 17, 2012 6:02 PM UTC (11 years ago) |
Blog | bakadesuyo |
Archive Link |
https://theredarchive.com/blog/bakadesuyo/why-do-people-always-sue-for-ludicrous-amounts-of.14237 https://theredarchive.com/blog/14237 |
Original Link | https://www.bakadesuyo.com/2012/05/why-do-people-always-sue-for-ludicrous-amount/ |
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