Game Theory - Decision theory vs. game theory; A typical legal application of game theory; Some applications of game theory in legal settings; Representation of games; Normal-form games; The prisoner's dilemma; Prisoner's dilemma in litigation; Solution concepts for the prisoner's dilemma; Discoordination game: Matching pennies; A clever takeover bid; Dominant strategy equilibrium; Iterated games; The iterated prisoner's dilemma; Social benefits or social losses?; Achieving the cooperative outcome; N-person prisoner's dilemmata and common goods; Coordination games; Extensive-form games; The ultimatum game.

Analytical Methods - Folge 7: Microeconomics I

Law students are routinely taught how to gather facts, interpret legal texts, and apply legal rules to established facts. These techniques are and will always be important to all lawyers, regardless of their position and practice. However, they do not suffice. Lawyers in almost every area of practice (litigation, corporate, government, public interest, etc.) must be familiar with analytical concepts and methods that go beyond fact gathering and interpretative legal skills in order to be successful. This course covers the basics of the methods. It will provide you with a fundamental understanding that allows you to apply them when necessary in legal practice. This course is designed to be fully accessible to those with no prior quantitative training or background in the subjects covered. However, a high school level of mathematics is required.