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Legal Disputes Resolved via Game Theoretic Methods

Author

Listed:
  • T. E. S. Raghavan

    (Department of Mathematics, Statistics and Computer Science, University of Illinois at Chicago, 851 S. Morgan, Chicago, IL 60607, USA)

Abstract

Mathematical foundations of conflict resolutions are deeply rooted in the theory of cooperative and non-cooperative games. While many elementary models of conflicts are formalized, one often raises the question whether game theory and its mathematically developed tools are applicable to actual legal disputes in practice. We choose an example from union management conflict on hourly wage dispute and how zero sum two person game theory can be used by a judge to bring about the need for realistic compromises between the two parties. We choose another example from the 2000-year old Babylonian Talmud to describe how a certain debt problem was resolved. While they may be unaware of cooperative game theory, their solution methods are fully consistent with the solution concept called the nucleolus of a TU game.

Suggested Citation

  • T. E. S. Raghavan, 2015. "Legal Disputes Resolved via Game Theoretic Methods," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 17(02), pages 1-7.
    • Handle: RePEc:wsi:igtrxx:v:17:y:2015:i:02:n:s0219198915400150
    DOI: 10.1142/S0219198915400150
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    Cited by:

    1. Jerónimo Ríos, 2018. "From war to peace: Understanding the end of the armed conflict in Colombia," Rationality and Society, , vol. 30(4), pages 463-490, November.

    More about this item

    Keywords

    TU game; cooperative and non-cooperative games; 91A10; 91A12;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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