This kind of problem comes up all the time in a poker tournament. Each person has a different number of chips in front of them, and when they reach the final t

This kind of problem comes up all the time in a poker tournament. Each person has a different number of chips in front of them, and when they reach the final table, since so much money is at stake, they want to make a deal. How do you determine a fair deal when each person has a different number of chips and prizes are radically different for first, second, and third place. Fun problem. Answer: The independent chip model Gambling to the rescue