Pulse radiolysis and flash photolysis are used to generate the hyponitrite radicals (HN2O2(*)/N2O2(*-)) by one-electron oxidation of the hyponitrite in aqueous solution. Although the radical decay conforms to simple second-order kinetics, its mechanism is complex, comprising a short chain of NO release-consumption steps. In the first, rate-determining step, two N2O2(*-) radicals disproportionate with the rate constant 2k = (8.2 +/- 0.5) x 10(7) M(-1) s(-1) (at zero ionic strength) effectively in a redox reaction regenerating N2O2(2-) and releasing two NO. This occurs either by electron transfer or, more likely, through radical recombination-dissociation. Each NO so-produced rapidly adds to another N2O2(*-), yielding the N3O3(-) ion, which slowly decomposes at 300 s(-1) to the final N2O + NO2(-) products. The N2O2(*-) radical protonates with pKa = 5.6 +/- 0.3. The neutral HN2O2(*) radical decays by an analogous mechanism but much more rapidly with the apparent second-order rate constant 2k = (1.1 +/- 0.1) x 10(9) M(-1) s(-1). The N2O2(*-) radical shows surprisingly low reactivity toward O2 and O2(*-), with the corresponding rate constants below 1 x 10(6) and 5 x 10(7) M(-1) s(-1). The previously reported rapid dissociation of N2O2(*-) into N2O and O(*-) does not occur. The thermochemistry of HN2O2(*)/N2O2(*-) is discussed in the context of these new kinetic and mechanistic results.