Pirkei Avot - Ethics of the Fathers

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Chapter 4 Mishna 7
פרק ד משנה ז

Rabbi Yishmael his son would say: one who refrains from judgment (serving as a judge) rids himself of enmity, theft, and false oaths. But one who is over-confident in rendering legal decisions is a fool, wicked, and arrogant.
רַבִּי יִשְׁמָעֵאל בְּנוֹ אוֹמֵר: הַחֹשֵׂךְ עַצְמוֹ מִן הַדִּין, פּוֹרֵק מִמֶּֽנּוּ אֵיבָה וְגָזֵל וּשְׁבֽוּעַת שָׁוְא, וְהַגַּס לִבּוֹ בְּהוֹרָאָה, שׁוֹטֶה רָשָׁע וְגַס רֽוּחַ.


~Level 1~
Bartenura - "one who refrains from serving as a judge" - i.e. when there is a judge bigger than him (in torah). Alternatively, he tells the litigants to find a compromise between themselves.

"rids himself of enmity" - for the litigant found guilty hates the judge. He thinks in his heart that the judge did not search for his merits.

"theft" - for perhaps the judge will make a mistake and obligate the innocent to pay thus causing theft to occur through himself.

"unnecessary oaths" - perhaps he will obligate an oath to one who is not obligated. Thus, he causes one to utter an unecessary oath. Alternatively it refers to [causing] a false oath..

"over-confident in rendering legal decisions" - without proper iyun (in depth study) and without waiting (to deliberate).
~Level 2~
Rabeinu Yonah - "one who refrains from serving as a judge.." - even though it is written: "you shall appoint judges and officers.." (Devarim 16:18) and "pursue righteousness (in judging).." (Devarim 16:20), thus it is a mitzvah to judge. Nevertheless, this is when there are no other qualified judges. But all the time one can refrain himself from judging, it is better for one to cast the yoke on others. For he saves himself from many doubts...
~Level 2~
Rabeinu Yosef ben Shushan - "theft" - perhaps he obligated one who is exempt or the opposite. He did not mention cases of death penalty or kidushin (betrothals) and divorces whereby the stumbling block is much greater. Perhaps the intent is that even if one is exceedingly careful in monetary cases, since they are daily occurrences, nevertheless it is impossible for him not to err.