"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 is CEO of Mediate.com. From 2017 to 2020 Colin was Vice President for Online Dispute Resolution at Tyler Technologies. Tyler acquired Modria.com, an ODR provider Colin co-founded, in 2017. From 2003 to 2011 Colin was Director of Online Dispute Resolution for eBay and PayPal. Colin co-founded Online Resolution, one of the first online dispute resolution (ODR) providers, in 1999 and served as its CEO and President. Colin worked for several years with the National Institute for Dispute Resolution (now ACR) in Washington, D.C. and the Consensus Building Institute in Cambridge, MA.
Colin is the author of Online Dispute Resolution for Business, published by Jossey-Bass in September 2002, and co-author of The New Handshake: Online Dispute Resolution and the Future of Consumer Protection, published by the ABA in 2017. He received the first Frank Sander Award for Innovation in ADR from the American Bar Association in 2020, and the Mary Parker Follett Award from the Association for Conflict Resolution in 2013. He holds a Master’s degree from Harvard University’s Kennedy School of Government in conflict resolution and technology, a graduate certificate in dispute resolution from UMass-Boston, a B.A. from Haverford College, and he served as a Peace Corps volunteer in Eritrea from 1995-1997. You can read many of his articles and see some of his talks at colinrule.com/writing.