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We will adopt a "reasonable person" standard for reaching conclusions.
We use a reasonable person standard at The Fact Checker.
The reasonable investor standard differs from the reasonable person standard in another important way.
The distinctions identified indicate that use of the reasonable investor standard is, in all likelihood, more costly than the prototypical use of the reasonable person standard in tort.
But the perseverance of tort law's reasonable person standard over the course of centuries of common law development suggests that its benefits likely outweigh its costs.
This raises the question: does the reasonable investor standard differ from tort law's reasonable person standard in ways that suggest it is less efficient?
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At any point on the latent variable, the standard error of a person estimate (on the complete set of items) is the inverse square-root of the TIF, so that a TIF of 10, person measure standard error = 0.32.
But this is a criminal case, and the reasonable-person standard is irrelevant to a criminal trial.
"We believe that a sex-blind reasonable-person standard tends to be male-biased," Judge Beezer wrote.
"Personal characteristics of suspects have consistently been rejected or ignored as irrelevant under a one-size-fits-all reasonable-person standard," Justice Alito wrote, adding, "There is no denying that, by incorporating age into its analysis, the court is embarking on a new expansion of the established custody standard".
Investigators may express effects in terms of between-person standard deviation units, within-person standard deviation units, and the standard error of measurement.
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