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Public
Interest
Factor
(Phi):
tabulated
‘factor
of
safety2’
derived
from
the
administra#ve,
common,
and
statutory
law
applicable
to
the
fact
pa/ern.
RaPonale:
the
variables
in
tradi#onal
negligence
formula3
are
oDen
modified
to
account
for
public
policy
interests1.
The
value
of
the
modifica#ons
can
be
derived
from
the
decisions
that
se/le
each
unique
fact
pa/ern.
Tabula#ng
these
values
into
anonymous
‘factors
of
safety’
for
applica#on
to
analogous
fact
pa/erns
will
promote
economic
efficiency4
by
helping
decision
makers
to
act
in
accordance
with
the
evolving
expecta#ons
of
the
law.
1. Cf.
Restatement
(Second)
of
Torts
§291-‐293
2. Essen#ally,
a
ra#o
of
how
much
stronger
a
thing
is
than
it
needs
to
be.
3. See
United
States
v.
Carroll
Towing
Co.,
159
F.2d
169
(2nd
Cir.
1947)
4. See
Theory
of
Negligence,
1
J.
Legal
Stud.
29
(1972)