By Attorney Gregg Herman
Nov. 17, 2015
I’ve been fascinated by the connection between game theory and divorce settlement negotiations and have written on the subject several times. One such article is about the ultimatum game and one article is on the Prisoner’s Dilemma.
My work (and the comments in the video above) is pedestrian by comparison to a new book published October 13, 2015 by Atty. Allan R. Koritzinsky and Psychologist Kenneth H. Waldron, entitled “Game Theory and the Transformation of Family Law” and is an outstanding work. This book goes into detail about game theory and its application to divorce settlement negotiations.
As I’ve said before, many lawyers think that settlement negotiations is intuitive and does not require any study or learning. They are wrong. There is a great deal to be learned, not just about settling divorce cases, but how to do it in a manner which is more conducive to the future relationship of the parties.
This book is an important addition to the literature on settlement and negotiations.
For a fuller discussion, please watch the video below.