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Game Theory and the Law by Douglas G. Baird — book cover

Game Theory and the Law

by Douglas G. Baird
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Overview

Game Theory and the Law promises to be the definitive guide to the field. It provides a highly sophisticated yet exceptionally clear explanation of game theory, with a host of applications to legal issues. The authors have not only synthesized the existing scholarship, but also created the foundation for the next generation of research in law and economics."

About the Author, Douglas G. Baird

Douglas G. Baird is Harry A. Bigelow Distinguished Service Professor of Law at the University of Chicago Law School.

Robert H. Gertner is Professor of Economics and Strategy at the University of Chicago.

Randal C. Picker is Paul and Theo Leffmann Professor of Law at the University of Chicago.

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Editorials

Jurimetrics Journal

The most comprehensive and encompassing treatment of this approach… [This] is the first nontechnical, modern introduction to how (noncooperative) game theory can be applied specifically to legal analysis… Game Theory and the Law is a user-friendly analysis of concrete, numerical examples, rather than a theoretical presentation of abstract concepts. The authors introduce and explain, with actual legal cases or hypotheticals, the salient issues of modern game theory. This breadth of coverage is remarkable. This is not just a textbook; it is also something of a research monograph, introducing many new models attributable to the authors alone.
— Peter H. Huang

Law and Politics Book Review

Game Theory and the Law is an important book. It is important in the sense that it will serve as a catalyst for an expanded use of game-theoretic models in the study of law. It will be a book that people will one day recognize as having had a considerable influence on its field. And it will receive the praise that accompanies such influence. Happily, such influence will be beneficial to the field of law and such praise will be richly deserved, because Game Theory and the Law is an extremely intelligent and thoughtful text… One of the features of the book that is most striking (and, for my part, most welcome) is the thoughtful and sensible manner in which they approach the use of game theory. Unlike many proponents of game-theoretic analysis, they do not present it as the only legitimate approach to social-scientific analysis. The authors present game theory as a powerful tool that can be used along with other approaches to enhance our understanding of the role of law in social life… The persuasiveness of their general argument for the utility of game theory derives from a combination of the power of their insights along with the sensibility of their analysis. The book is written in a clear, concise and interesting manner. Its bibliographic references render it a source book for additional research in both game theory and law. This is a book that should be read by scholars of law in particular and scholars of political behavior in particular.
— Jack Knight

Booknews

Applies the tools of game theory and information economics to advance the understanding of how laws work. Organized around the major solution concepts of game theory, the volume shows how such well known games as the prisoner's dilemma, the battle of the sexes, beer-quiche, and the Rubenstein bargaining game can illuminate many different kinds of legal problems. The organization of the volume serves to highlight the basic mechanisms at work and to lay out a natural progression in the sophistication of the game concepts and legal problems considered. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Book Details

Published
August 28, 1998
Publisher
Harvard University Press
Pages
344
ISBN
9780674341111

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