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What Is Arbitral Misconduct? List Five Instances of Arbitrator Misconduct

question 33

Essay

What is arbitral misconduct? List five instances of arbitrator misconduct that would lead to the vacating of an arbitrator's award.


Definitions:

Anchoring

A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) when making decisions.

Adjustment Heuristic

A rule of thumb where an initial estimate is adjusted based on additional information or analysis.

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, where inferences about other people and situations may be drawn in an illogical fashion.

Availability Heuristic

A decision-making heuristic in which our estimates of frequency or probability of events are based on how easy it is to find examples.

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