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This entry shows how game theory can be applied to model good faith mathematically using an example of a classic legal dispute related to rei vindicato. The issue is whether an owner has a legal right to his good if a person has bought it in good faith by using updated probabilities. The entry illustrates that a rule of where good faith is irrelevant Pareto dominates a rule where good faith may protect an innocent buyer.

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Good Faith and Game Theory

  • 工具书词条

  • 发表日期：

    2025年

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  • Caspar Rose

摘要

This entry shows how game theory can be applied to model good faith mathematically using an example of a classic legal dispute related to rei vindicato. The issue is whether an owner has a legal right to his good if a person has bought it in good faith by using updated probabilities. The entry illustrates that a rule of where good faith is irrelevant Pareto dominates a rule where good faith may protect an innocent buyer.