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Posted By: Todd Schultz

this from the American Psychological Assn--who I do not necessarily endorse, but to whom I point after four minutes of google research:

The accuracy (i.e., validity) of polygraph testing has long been controversial. An underlying problem is theoretical: There is no evidence that any pattern of physiological reactions is unique to deception. An honest person may be nervous when answering truthfully and a dishonest person may be non-anxious. Also, there are few good studies that validate the ability of polygraph procedures to detect deception. As Dr. Saxe and Israeli psychologist Gershon Ben-Shahar (1999) note, "it may, in fact, be impossible to conduct a proper validity study." In real-world situations, it's very difficult to know what the truth is.

One reason that polygraph tests may appear to be accurate is that subjects who believe that the test works and that they can be detected may confess or will be very anxious when questioned. If this view is correct, the lie detector might be better called a fear detector.

Research on the processes involved in CQT polygraph examinations suggests that several examiner, examinee, and situational factors influence test validity, as may the technique used to score polygraph charts. There is little research on the effects of subjects' differences in such factors as education, intelligence, or level of autonomic arousal.

Evidence indicates that strategies used to "beat" polygraph examinations, so-called countermeasures, may be effective. Countermeasures include simple physical movements, psychological interventions (e.g., manipulating subjects' beliefs about the test), and the use of pharmacological agents that alter arousal patterns.

Most psychologists and other scientists agree that there is little basis for the validity of polygraph tests. Courts, including the United States Supreme Court (cf. U.S. v. Scheffer, 1998 in which Dr.'s Saxe's research on polygraph fallibility was cited), have repeatedly rejected the use of polygraph evidence because of its inherent unreliability.

Here's the link, for purposes of completeness. http://www.psychologymatters.org/polygraphs.html