Game Theory And Litigation:
When mathematician John von Neuman and economist Oskar Morgenstern invented "game theory" more than fifty years ago, they by happenstance opened a window to greater understanding of the power of mediation to trump litigation as a means to resolve business disputes.
With game theory, von Neuman and Morgenstern made a distinction between "zero-sum" games where one party's win is another party's loss and "non-zero sum" games where one participant's gain need not be a loss to the others. Over the years that game theory has been around it has hardly been limited to explaining mere games. It has often shed profound insight into various human interactions, even nuclear war.
