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Question 1 2.A Fair Division (LD) HW 2-1 HW 2-1. Four partners (Benjamin, Evan, Lee, and Miles) are dividing a piece of land among themselves
Question 1
- 2.A Fair Division (LD) HW 2-1
- HW 2-1. Four partners (Benjamin, Evan, Lee, and Miles) are dividing a piece of land among themselves using the lone-divider method. A divider is selected at random, and divides the land into four shares. The following table gives the value (in $1000's) of the shares in the eyes of each partner.
- S2
- S3
- S4
- Total
- MFS
- Bid list
- Ben
- $300
- $150
- $150
- $100
- $
- $
- Evan
- $500
- $200
- $400
- $300
- $
- $
- Lee
- $1,000
- $1,000
- $1,000
- $1,000
- $
- $
- Miles
- $425
- $75
- $325
- $375
- $
- $
- When answering Questions 1-4, provide only a numerical value. Your answer should be in terms of $1000s, the same as the table. For example, if Person A has a minimum fair share of $250,000, your input would be "250".
- 1. What is Ben's minimum fair share? $
- 2. What is Evan's minimum fair share?$
- 3. What is Lee's minimum fair share?$
- 4. What is Miles' minimum fair share?$
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