Friday, May 23, 2003

Fair Division Problems

One of the game theory topics that I really enjoy are "fair division" problems. The simplest version of this is Mom's "one person cut, the other person pick". There have been papers on how to scale this up to multiple participants. Paul Rusten came up with a system for dividing personal items among his heirs called "Kinfolk" that uses a deceptively simple rank ordering method to figure out who will carry on each item.


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