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Judicial precedents has many different advantages and disadvantages. The main advantage is the certainty. It
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Law Assignment 2.2 When a judge is deciding the outcome for a case, she must follow any decisions that a past judge in a higher court than itself had made, in a case with similar facts. The decisions of who binds each court are known as judicial precedence, otherwise known as stare decisis. Not only are courts bound by ones higher than themselves, but sometimes by their own previous decisions. The term Ratio decidendi means the reason for the decision. This is the legal principle on which a principle is based and it must be done. This means that it is a binding precedent and other judges must follow it. Obiter dicta are different though. It just means 'by the way', although they are spoken by the judge they were not the basis on which the decision was made. They are not binding but just persuasive precedent for future judges to consider...
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