Game Theory and the Law

by Douglas G. Baird, Randal C. Picker, Robert H. Gertner

Book Overview

This book is the first to apply the tools of game theory and information economics to advance our understanding of how laws work. Organized around the major solution concepts of game theory, it shows how such well known games as the prisoner's dilemma, the battle of the sexes, beer-quiche, and the Rubinstein bargaining game can illuminate many different kinds of legal problems. Game Theory and the Law highlights the basic mechanisms at work and lays...

• Format: Paperback
• Language: English
• ISBN: 0674341112
• ISBN13: 9780674341111
• Release Date: September 1998
• Publisher: Harvard University Press
• Length: 344 Pages
• Weight: 1.12 lbs.
• Dimensions: 0.9" x 6.1" x 9.4"

Customer Reviews

Great analysis of common strategic behavior problems

This is a great example of how the rigor of game theory can give startling insights into outcomes of common situations. Although I'm no mathematician or economist, all business people are at some point required to base their decisions on how they think others will behave. This book provides some great frameworks for structuring that thought process.

Unique

Altough it's often just theory, is a unique book, rxpressing the Chicago school's view on law. Do not expect something you can use practically.

A pathbreaking work of importance and clarity

This book popularizes and extends a new approach (non-cooperative game theory) to the economic analysis of law. Readable and concise, this book is a must for students and scholars wishing to understand the ways in which legal rules can be usefully modeled as non-cooperative games. As a professor in the discipline, I am awed by the important and brilliant scholarship presented in this book with superb skill.