"Game theory, or the study of interactive decision-making, has been applied to fields as diverse as politics, economics and sports. It is also the subject of A Beautiful Mind, the film about mathematician John Nash, who helped develop the theory. Ring believes it is ripe for use in the legal profession. About four years ago his firm—Chu, Ring & Hazel—teamed up with academics to form Fair Outcomes Inc. The website offers game theory solutions for a range of legal disputes, including those involving property division, business buyouts and reputational damage.
The most notable nonattorney of the Fair Outcomes development team is New York University professor of politics Steven Brams, who has applied game theory to voting systems and the division of assets. Soon after Brams met Ring at a game theory conference at Stony Brook University in New York, they set plans to work together. NYU, which has jointly filed patents on several of the Fair Outcomes applications with Chu, Ring & Hazel, has a minority equity position in the enterprise. Partners at the law firm hold a controlling stake and Ring serves as the CEO.”
Pretty harsh comments, though…
Colin Rule has worked at the intersection of technology and conflict resolution for the last two decades. He is CEO of Modria.com, an online dispute resolution service provider in Silicon Valley, and a non-resident Fellow at the Center for Internet and Society at Stanford Law School. From 2003 to 2011, he served as eBay and PayPal's first director of Online Dispute Resolution, designing and implementing systems that now resolve more than 60 million disputes each year. Mr. Rule is the author of Online Dispute Resolution for Business, published by Jossey-Bass in September 2002. He has presented and trained around the world for organizations including the U.S. Department of State, UNCITRAL, the International Chamber of Commerce, and the CPR Institute for Dispute Resolution, as well as teaching at UMass-Amherst, Stanford, Southern Methodist University, and Hastings College of the Law. He has written and been interviewed extensively about the Internet since 1999, with columns and articles appearing in ACResolution, Consensus, Dispute Resolution Magazine, and Peace Review. He holds a master's degree from Harvard University's Kennedy School of Government in conflict resolution and technology, a B.A. in peace studies from Haverford College, and he served as a Peace Corps volunteer in Eritrea from 1995-1997.