Game Theory and the Transformation of Family Law

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Category: Game Theory Blog

People are Rational and Generally Make Good Choices: But Can They Be Tricked?

Thursday, 05 October 2017 by Kenneth Waldron
Yes!  You might remember Monty Hall and “The Price is Right”.  At end the of the show, the contestant who had won the most money was shown three doors, behind two of which were some cheap junk but behind one was a big prize – maybe a fancy car.  They were to choose a door
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Why Game Theory?

Thursday, 05 October 2017 by Kenneth Waldron
Why do people do stupid things?  In our recent book, Game Theory and the Transformation of Family Law, Attorney Allan Koritzinsky and I suggest a bargaining process founded on game theory.  But why game theory?  Game theory is a branch of mathematics that analyzes how and why people make the choices that they make.  Although
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