Choosing the most economically advantageous solution to the decision of the issue

Abstract

Countries in conflict, trying to make a resolution, encounter a decision process. Often, in practice decisions are made based on groundless rationalization, therefore it is commonly believed that it is experience and intuition that are key to the decision making process. Since decisions in law are usually based on logical reasoning, taking into account conflict circumstances and facts, the success of this decision can be determined with mathematical calculation. In recent decades, as the boundries between scholarly disciplines blur, new ones are formed, which are not entirely indepedent, but bring in new research methods. Law and economics is a clear example of this interdisciplinery relation. The law system impacts the economical atmosphere, therefore before taking decision in law, economical aspects must be evaluated. Striving to resolve the disputes between parties at work mathematical calculations are used in order to analyze the expected behaviour of each party. Guidance for parties having dispute is the most economically viable option for completing the dispute.