Game Theory in Legal Context : Basic Principles and Applications in Law (Economic Analysis of Law in European Legal Scholarship)

Game theory is a very powerful instrumental framework designed to analyze and solve complicated situations, especially decision-making problems under conditions of uncertainty. Major problems and issues in legal practice and jurisprudence are decision-making problems under conditions of uncertainty, therefore, it seems quite natural to use game theory to solve these problems. Moreover, game theory's solutions for these legal problems and issues are very simple, easily applicable, inexpensive and considered to be fair in comparison to other solutions. The objective of this book is to make game theory in the legal context accessible for the reader, especially for legal practitioners, academics and students, using clear, simple and comprehensive theory, explanations and examples from daily legal practice. The applications in law include analysis of the law, existing and ideal, as well as applications in legal practice. Although game theory is classified as a branch of mathematics, the book is written and designed in a way that no mathematical background is required to fully understand the theory itself and its applications.