Source: https://www.adrtimes.com/library/2011/5/4/using-game-theory-part-5.html
Timestamp: 2018-12-10 16:39:22
Document Index: 96015394

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Using Game Theory - Part 5
Using Game Theory to Understand and Resolve Conflict - Part 5
There are a variety of approaches to understanding, managing, and resolving conflict and litigation. One of the more intriguing ones involves using concepts derived from the theory of games. This approach is described in detail in a series of videos recently posted by Fair Outcomes, Inc.
As was stated by one of the company’s founders, James F. Ring, in discussing these videos with ADR Times: “Conflict is a very grim and dark business. These videos – compiled from materials presented at various academic conferences – approach the subject in a relatively straightforward and simple way, without assuming any prior knowledge of game theory on the part of the viewer. But the approach is rigorous and highly cold-blooded. It’s radically different from, and perhaps even antithetical to, some of the more conventional approaches that one finds in the ADR field.”
Part 5 - When and Why Cases Settle
This is Part 5 in a series of videos on understanding, managing, and resolving conflict and litigation. Part 5 offers an explanation for why - although the vast majority of cases settle - the vast majority do not settle until the eve of trial. This video is part of a six-part series that appears on the YouTube channel of Fair Outcomes, Inc., which can be accessed via the following link: http://www.youtube.com/user/fairoutcomes.
Fair Outcomes, Inc. is a Boston-based company that was founded by a small group of practicing lawyers, game theorists, and computer scientists for the purpose of providing parties involved in disputes or difficult negotiations with access to game theoretic bargaining mechanisms.
This six-part series of videos consists of the following:
Part 1 - Strategic Moves – Introductory Concepts
Part 2 - The Logic of Conflict and Origin of Legal Systems
Part 3 - Law and the Theory of Games
Part 4(a) - Traditional Moves in Fair Division Cases
Part 4(b) - Strategic Moves in Fair Division Cases
Part 6 - Strategic Moves in Disputes Over Money
The video appearing on this page appears here by permission from Fair Outcomes, Inc., which has reserved all rights to this video subject to the YouTube Terms of Service.
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