Question

Suppose 4 people divided a cake using a fhir division method. If the method really is a mir division method, which of the following statements must be true the players had to share their preference before the division could begin player B must value their piece as at least 25% if player A values their piece as 25%, player B will also value it as 25% every player likes their piece better than any other person's plece the same method would have worked if the players had different preferences, but the division might have been different player must value their piece as exactly 25%

Answer 1

Answer Player B must value their piece as at least 25%. Explanation. A fair division method is a procedure that can be followed that will result in a division of items in a way so that each party feels they have received their fair Share. For these methods to work we have to make few assumptions D The parties are non-cooperative, so the method must operate without communications between the parties. 2) The parties are rationally, meaning they act in their best interest, and do not make emotional decisions. with these method, each pparty will be entitled to some fair share. This method does not gaurantee a fair division. Here, there are a players (A,B.G&D), each would be entitled to a fair share of lith ie 25% of the whole. Each player receives a piece that they value at least a fair Share (251)

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