The document summarizes a panel discussion on balancing prediction, cost, and legal risks in large-scale selection systems. The panelists discussed using job analysis and validation studies to reduce legal risk, employing low-cost early screening tests, combining multiple selection methods at different costs and fidelity levels, and how balancing these objectives has changed over 30 years with business needs and public views. The panel took questions on presenting this balancing act to stakeholders and considering applicants' perspectives.