bigjeff5 comments on Hearsay, Double Hearsay, and Bayesian Updates - Less Wrong
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The appellate system itself - of which cases involving new DNA evidence are a tiny fraction - is a much more useful measure.
There are a whole lot more exonerations via the appeals process than those driven by DNA evidence alone. This aught to be obvious, and the 0.2% provided by DNA is an extreme lower bound, not the actual rate of error correction.
Case in point, I found an article describing a study on overturning death penalty convictions, and they found that 7% of convictions were overturned on re-trial, and 75% of sentences were reduced from the death penalty upon re-trial.
One in fourteen sounds a lot more reasonable to me, and again that's just death penalty cases, for which you'd expect a higher than normal standard for conviction and sentencing.
The standard estimate is about 10% for the system as a whole.