Punitive Damages Are Intended to Punish the Defendant for Conduct

question 41

True/False

Punitive damages are intended to punish the defendant for conduct that is extreme and outrageous.

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Definitions:

Satisfice

Satisfice is a decision-making strategy that involves choosing an option that meets the minimum requirements necessary for satisfaction, rather than optimizing for the best possible outcome.

Escalation of Commitment

A phenomenon where people increase their investment in a decision despite new evidence suggesting it may be wrong, often due to cognitive biases or emotional attachment.

Poor Choices

Decisions made that lead to suboptimal or negative outcomes, often due to a lack of information or foresight.

Substantial Costs

Significant expenses or outlays that a company or individual may incur.