Legal

Author: Bayer et al
Publisher:
Publication Date: 1999-01-01
Features: The comprehensive and general aspects of this book are its first non-technical modern guide to how (non-cooperative) game theory is specifically applied to the analysis of legal issues. presents an analysis of specific quantitative examples that readers can easily understand, rather than a theoretical exposition of abstract concepts. The authors introduce and illustrate the highlights of modern game theory using real cases or hypothetical premises. is an important work that will serve as a catalyst for increasing the use of game theory models in legal research. In the future, people will recognize the significant influence of this book in the field, accompanied by the well-deserved acclaim it will certainly earn. It is gratifying that such an influence will greatly benefit the field of law, and that such acclaim is entirely justified. In 1944, mathematician John von Neumann and economist Oskar Morgenstern published Theory of Games and Economic Behavior, marking the birth of game theory, which has since evolved into a relatively complete theoretical system. Game theory, in terms of academic classification, is a branch of mathematics that primarily applies mathematical methods to construct theories of human behavior. Human behavior theory is the theoretical foundation of all sciences that study human behavior from different perspectives, such as economics, law, and sociology. Law, as a discipline that studies legal systems, is based on human behavior theory. Without a scientific theory of human behavior, studying institutional norms of behavior would be like building a house of cards. Therefore, only by conducting scientific research on the laws of human behavior (including economic entities and social organizations) can we construct scientific and effective behavioral norms. Game theory is an important analytical tool for law. Just as game theory has thoroughly transformed economics, it will undoubtedly inject new vitality into legal research. can be considered a representative work in this regard. This book is the first to use the theoretical tools of game theory and information economics to enhance our understanding of how law works. Organized around the main solution concepts of game theory, the book reveals that well-known games such as the Prisoner's Dilemma, Battle of the Sexes, Beer-Egg-Hot Soup, and Rubinstein Bargaining can be used to illustrate many different types of legal issues. highlights the basic mechanisms at work and demonstrates the natural progression of game concepts and related legal issues.