Game Theory
/ˈɡeɪm ˈθɪəri/
Definitions
- (n.) The study of strategic interaction among rational decision-makers, often applied in legal analysis to predict litigation behavior, contract design, and negotiation tactics.
Game theory helps lawyers predict how opposing parties might react during settlement discussions.
Forms
- game theory
Related terms
See also
Commentary
In legal contexts, game theory emphasizes predicting and influencing parties’ behavior, often supported by formal modeling and payoff analysis.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.