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Elements of an analysis

As we saw in our example basic litigation decision, Litigaze analyses provide a way for lawyers and clients to make sense of complex litigation decisions.

Let's take a closer look at the main elements of an analysis:

  1. Cards
  2. Events
  3. Results

Cards

Cards are the building blocks for analyses. Cards contain events and results.

Litigaze analyses are built by arranging cards containing predicted events in chronological order from left to right.

You can add new cards to your analysis by clicking the "+" buttons at the end of each event path.

Card menus let you add and delete events from cards, and set event probabilities for chance cards. Click the card name or three-dots at the top right of the card to access the card menu.

When you add or edit cards, blue arrows show you the preceding events leading up to the card you are adding or editing.

Learn more about cards

Events

Events are things you predict occurring as a consequence of a given decision being made.

Each time you add a new card to your plan you need to specify what events it contains.

The type of events you can specify will depend on the type of card you're adding:

  1. Choice cards represent future choice situations where a choice can be made for any one of the events in the card to occur.  
  2. Chance cards represent future chance situations where there is a chance any one of the events in the card to occur, and the best you can do is to predict the probability of each event occurring.
  3. Milestone cards represent a single future events that is guaranteed to occur following a preceding event. Milestone cards can be useful in structuring plans.

It's important to remember that the events in choice and chance cards are mutually exclusive. This means that while any event could potentially occur, only one event per card can actually occur.

Learn more about events

Results

Results are how you measure progress towards a goal.

You can add results to individual events in your analysis to measure how those events progress you towards your defined goals.

Each event path in your analysis will also have end results which are the sum total of all results in that path.

By default, new analyses include "financial wealth" as a decision goal so that you can specify results as monetary gains and losses.

You can also set custom goals to incorporate non-financial results to your analysis.

Learn more about results and goals
Next up in this series: Using Litigaze to make great decisions