The Partner Magazine
“A small number of blue chip corporations and law firms are now using game theory consultants to advise them on how to achieve a more favourable settlement in their disputes. Richard Parnham lifts the lid on this little-known approach.
“These outcomes are possible because, at its heart, game theory is the theory of the mathematics of conflict and strategic interaction. And, if this all sounds too abstract to be of real-world value, consider this: game theory has been used for more than two decades in the business world. Most notably, it was integral to the design of the US and UK mobile phone spectrum auctions, which netted these two governments more than US$50 billion in licence revenues.”