👉 Arbitration math involves using mathematical models to predict and quantify the outcomes of disputes, particularly in complex commercial or international arbitrations. These models often rely on probability theory and game theory to estimate the likelihood of various scenarios, such as the success of a claim or counterclaim based on historical data and the specifics of the case. By assigning probabilities to different outcomes, arbitrators can make more informed decisions, balancing risks and potential payouts. This approach helps in setting fair and consistent awards, reducing the uncertainty inherent in traditional litigation and providing a structured framework for resolving disputes efficiently.
