ABSTRACT
Game theory offers valuable tools to anyone faced with critical decisions in interactive decision-making environments. The legal system is replete with such occasions. Lawmakers consider the magnitude of penalties when they adopt criminal statutes; potential lawbreakers consider the chances of being caught and the likely penalty if caught; parties to a lawsuit consider the costs of litigation along with the chances of prevailing in court; and litigation attorneys think of their own interests as well as their opponents’ interests, and are forced to respond to their opponents’ actions.
