How to guess your award (without paying lawyers) — the employment law casino

  1. https://www.gov.uk/government/statistics/tribunal-statistics-quarterly-april-to-june-2020
  2. However, there are indications of the numbers of awards falling within pre-defined bands. It is an odd way of presenting data to the public, but is enough to use bootstrapping to generate useful statistics — which is the technique I had to use to generate the density histogram above.
  3. I am grateful for the help of the Ministry of Justice in promptly answering my Freedom of Information request and indicating the extent of the statistics (and confirming to me the limits as to what is publicly available).
  4. See “Modeling and Risk Analysis Using Parametric Distributions with an Application in Equity-Linked Securities” by Sun-Yong Choi and Ji-Hun Yoon published in Mathematical Problems in Engineering (2020, Special Issue) https://doi.org/10.1155/2020/9763065.

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Barrister at Law - employment law, statistics, coding, decision analysis, Bayes’ theorem, Monte Carlo method

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Alex MacMillan

Alex MacMillan

Barrister at Law - employment law, statistics, coding, decision analysis, Bayes’ theorem, Monte Carlo method