Fair Outcomes, Inc.

Game-Theoretic Solutions for Disputes and Negotiations
System Design - System Administration - Consultative and Online Services

Home Fair Buy-Sell Fair Division Fair Proposals Fair Reputations

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Fair Outcomes, Inc.
241 A Street
Boston, MA 02210
T. 866 257-9000
F. 978 367-1256
info [at] fairoutcomes.com

Chairman of the Advisory Board:
Steven J. Brams

Chief Executive Officer:
James F. Ring

Chief Financial Officer:
John H. Chu

Chief Operating Officer:
William A. Hazel


Steven J. Brams

Steven J. Brams is a founder and the Chairman of the Advisory Board of Fair Outcomes, Inc. Dr. Brams is a game theorist and political scientist at New York University's department of politics, and is best known for his work on applying game theory to voting systems and to systems involving fair division. Dr. Brams is one of the independent discoverers of approval voting and was, along with Alan Taylor, a co-discoverer of the first envy-free solution to the n-person cake-cutting problem. The Brams-Taylor solution to the cake-cutting problem solved what had been one of the most important open problems in contemporary mathematics. With Taylor, he is a co-inventor of the "Adjusted Winner" system, a patented fair-division procedure now being offered by Fair Outcomes, Inc. He is also, along with James F. Ring, a co-inventor of the patent-pending "Fair Buy-Sell" system that is currently being offered by the company. He is the author or co-author of fourteen books, the most recent being Mathematics and Democracy: Designing Better Voting and Fair Division Procedures (2008).

Dr. Brams earned his B.S. at Massachusetts Institute of Technology in Politics, Economics, and Science in 1962. In 1966, he went on to earn his Ph.D. in Political Science at Northwestern University.

He worked briefly in U.S. federal government positions before taking an Assistant Professor position at Syracuse University in 1967. He moved to New York University in 1969, where he is a Professor in the Department of Politics. He is a Guggenheim Fellow, an American Association for the Advancement of Science Fellow, and was president of the Peace Science Society in 1990-91 and the Public Choice Society in 2004-2006.



James F. Ring

Phone: 866-257-9000, ext. 701

James F. Ring is a founder and the Chief Executive Officer of Fair Outcomes, Inc. He is also an attorney and a co-founding partner of the law firm of Chu, Ring & Hazel LLP. Over the course of his legal career, Mr. Ring focused on serving as an advocate and advisor for business clients involved in formal legal proceedings, crisis management, contractual negotiations and events involving a substantial risk of litigation. He has devoted a substantial portion of his career to the study of conflict, strategy, and non-cooperative bargaining, and has extensive experience in the design and administration of simple and complex bargaining systems. He is the inventor of the Fair Proposals and Fair Reputations systems and is a co-inventor, along with Steven J. Brams, of the Fair Buy-Sell system.

After graduating cum laude from Suffolk University Law School in 1983 and completing a judicial clerkship, Mr. Ring joined the law firm of Bingham, Dana & Gould (now known as Bingham McCutchen LLP) as an associate in that firm's litigation area, where he began working with his current law partners, John H. Chu and William A. Hazel. The law firm of Chu, Ring & Hazel was formed in 1995. In 2006, he and his partners co-founded Fair Outcomes, Inc. in order to provide on-line access to game-theoretic bargaining systems and promote further collaboration between game theorists, computer scientists, and practicing attorneys.

Mr. Ring is a member of the Massachusetts Bar and the Boston Bar Association and is admitted to practice before all Massachusetts State Courts, the United States District Court of the District of Massachusetts and the United States Court of Appeals for the First Circuit. He has served as a speaker to groups of economists, game theorists, judges, lawyers and students, and has given formal testimony in court proceedings, on strategic issues relating to the management of conflict and crisis. He is also the author of several articles on such subjects.



John H. Chu

Phone: 866-257-9000, ext. 703

John H. Chu is a founder and the Chief Financial Officer of Fair Outcomes, Inc. Mr. Chu is also a co-founder and managing partner of Chu, Ring & Hazel LLP. He began his legal career as an associate at a major Wall Street law firm active in takeovers and mergers and acquisitions. After that, and before forming Chu, Ring & Hazel LLP, he became associated with and was named partner of one of Boston's largest, major law firms and in due course concentrated his activities in that firm's entrepreneurial services group.

Over the course of his legal career, Mr. Chu has represented scores of private and public companies in connection with a range of legal matters, including founder and shareholder arrangements, employment agreements, equity financings, including seed round, private placements, venture capital financings, overseas offerings and initial public offerings, securities law compliance, acquisitions and divestitures, development agreements, joint ventures and strategic corporate partnerships of various kinds. His legal clients have included major business enterprises and individuals engaged in a variety of undertakings. Many of his legal clients are technology oriented - biotechnology, biomedical, internet, semiconductor, medical device, software and telecommunications - while others are involved in the development, manufacture and sale of more traditional products or services.

Mr. Chu graduated from the University of Chicago with a B.A. in Anthropology and he earned his J.D. at the Columbia University Law School. He began his legal career as an associate at Fried, Frank, Harris, Shriver & Jacobson and then McGarrahan & Heard (now part of Arent Fox Kintner Plotkin & Kahn) both in New York City. He subsequently joined Bingham McCutchen LLP in Boston, where he was a partner in its business area from 1988 until co-founding Chu, Ring & Hazel LLP in 1995.

Mr. Chu is a member of several national and local bar organizations and currently serves on the Boston Bar Association Council. He has served as a director or advisory board member of several start-up companies and as a trustee of the Wang Center.



William A. Hazel

Phone: 866-257-9000, ext. 702

Will Hazel is a founder and the Chief Operating Officer of Fair Outcomes, Inc. He is also a partner at Chu, Ring & Hazel LLP. In addition, he is a co-founder and Director of Beacon Exchange Company, a Boston based financial intermediary company that facilitates tax free exchanges under Section 1031 of the Internal Revenue Code. Mr. Hazel's background includes providing tax planning advice, transactional analysis and the development of escrow based solutions for a wide variety of transactions, ranging from real estate transactions to business acquisitions and divestitures. Mr. Hazel also has substantial experience representing clients in tax controversies against the Internal Revenue Service and the Massachusetts Department of Revenue.

After earning his J.D. at the Boston College Law School (magna cum laude), Mr. Hazel served a term as a law clerk to the Chief Justice of the Supreme Judicial Court, the highest appellate court in the Commonwealth of Massachusetts. Upon the conclusion of that clerkship, he worked as an associate at Bingham McCutchen LLP, where he became a partner in the Tax Department. He has also served as an attorney for the Massachusetts Department of Revenue, and was appointed and served as the Department's Acting General Counsel and First Deputy Commissioner during 1996.

Mr. Hazel has lectured extensively on tax issues and on the utilization of escrow-based systems to facilitate simple and complex transactions.

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