Fair Division

Fair Division

According to this course, what does it mean to have a fair division of something?

Does a fair division mean that you will always get the biggest/best portion? Is it possible that you will you envy the portions of other players?

Test out the Divider-Chooser Method with two people you know. (Make sure that you explain the procedure to the two players before you try out the method. Maybe even let them do a trial run.) Please include a photo to document your experiment. Tell us about the experience.

Did the two people believe that they received a fair division of the goods?

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Fair Division

According to this course, fair division means sharing resources among several individuals who feel that they are entitled to these resources in a manner that each individual gets their due share (Moulin, 2013). It does not necessarily mean that one should receive the equal share of the resources that are to be distributed, but instead means that one should receive their due share. In the real-world, there are many instances where fair division may be applied to ensure that there is equity among the people.

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