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Harry Browne had a technique for splitting up assets: One partner does the splitting. And the other partner gets to choose who gets which pile. (He also has a
by leobg 4y ago
Harry Browne had a technique for splitting up assets: One partner does the splitting. And the other partner gets to choose who gets which pile.
(He also has a more elaborate one, where the partners do a virtual auction of all items among themselves, to account for cases where particular items are worth a lot more to one of them. I believe it’s in his book “How I Found Freedom in an Unfree World”).
- cinntaile 4y agoThe first one is a very common technique among siblings too, let one of them split a cake and the other one gets to pick the piece. Applied game theory.
- will5421 4y agoDo you happen to know what this is called in game theory? I’d like to read about it.
- dhsysusbsjsi 4y ago"You cut I choose"
- zach_garwood 4y agoMy grandma called it "part and pick."
- ecnahc515 4y agoSeems like a subset of the prisoners dilemma.
- sour-taste 4y agoThis is how my mom avoided fights about the fair sharing of cakes and pies between me and my siblings :D It works well!
- laGrenouille 4y agoThere is a rather surprising amount of research about these kinds of approaches [1]. The various strategies and extensions are an interesting read. ^[1] https://en.wikipedia.org/wiki/Fair_cake-cutting https://en.wikipedia.org/wiki/Fair_cake-cutting
- nadinengland 4y agoWhen I cook I usually have a portion I prefer. I always try my living hardest to let my wife pick which portion I have as to make it fair.