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what is arbitration and why do people even do it so arbitration is kind of like a trial but missing some of the core elements of a trial if youve ever gone on a cruise or done some other type of thing that requires a liability waiver there was probably a clause somewhere in there that said youre opening yourself up to arbitration and you agree to go to arbitration in lieu of going to a trial why do people even want to do that well in a trial there is usually a jury sometimes as a judge but its usually a jury thats deciding the case deciding who wins and how much money they get and theres certain rules of evidence explaining what evidence can come in and what cant come in so what evidence the jury can consider and what they cant consider so theres rules against that but when you go to arbitration theres no jury theres an arbitrator or a panel of arbitrators that will decide the case so youre giving up the jury of your peers and youre going to three or a few professionals tha