2015/06/20 by Guerra-Pujol, Enrique
#FOS: Economics and business #General Economics (econ.GN)
paper · doi:10.48550/arxiv.1509.01214
Is litigation a serious search for truth or simply a game of skill or luck? Although the process of litigation has been modeled as a Prisoner's Dilemma, as a War of Attrition, as a Game of Chicken and even as a simple coin toss, no one has formally modeled litigation as a game of poker. This paper is the first to do so. We present a simple "poker-litigation game" and find the optimal strategy for playing this game.