Dana and Tom are retiring and selling their law
firm. They will split the proceeds from this sale
evenly. After all is sold they have $10,000 in
cash to split. Both, however, want the firm’s
reserved Blackhawk’s Season tickets. Dana
bids $1200 for the seats and Tom bid’s $900.
a) Who receives the
seats?
b) How much cash
does each receive?
Dana and Tom are retiring and selling their law
firm. They will split the proceeds from this sale
evenly. Both, however, want the firm’s reserved
Blackhawk’s Season tickets. Dana bids $1200
for the seats and Tom bid’s $900.
a)
b)
Who receives the seats?
DANA
How much cash does each
get? Tom gets $5525 in
cash. Dana gets the
tickets and $4475 which
is a final settlement of
$5675.
Dana
Tom
($1200+$10,00)/2 ($900+$10,000)/2
Dana and Tom are retiring and selling their law
$$5600
=$5,450
firm.=
They
will split the proceeds
from this sale
evenly.
Both, however,
the firm’s reserved
TICKETS
($1200) want
----------------Blackhawk’s Season tickets. Dana bids $1200
Cashfor the seats and Tom bid’s $900.
Fairshare
Items
$4400
$5,450
Share of Rem $$
$75
$75
Final Settlement
$5600+$75=
$5450 + $75
$5675
=$5525
Initial
Give an example of a
CONTINUOUS fair
division problem and a
DISCRETE fair division
problem.
Give an example of a
CONTINUOUS
( cake, cash)
fair division problem
and a
DISCRETE
( boat, tire, house)
fair division problem.
13 Lions, 11 giraffes
and 26 monkeys at the
There are
Brookfield Zoo. There are 5
boxes of
bananas to be distributed amongst the
quotas are1.3,
1.1 and 2.6 respectively, find the
animals. If the
INITIAL APPORTIONMENT of the
boxes of bananas for these animals using the
HAMILTON METHOD.
13 Lions, 11 giraffes and 26
monkeys at the
There are
Brookfield Zoo. There are 5
boxes of bananas to be
quotas
are1.3, 1.1 and 2.6 respectively, find the
distributed amongst the animals. If the
INITIAL APPORTIONMENT of the boxes of bananas
for these animals using the
HAMILTON
METHOD.
ANSWER:
LIONS: ______________
GIRAFFES:____________
MONKEYS:____________
There are 37 Lemurs, 19 gorillas and 12 Polar
Bears at the ST. Louis Zoo. There are 8 hula hoops
to be distributed amongst these animals. If the
ideal ratio is 8.5 and the initial
apportionment using the JEFFERSON METHOD are
listed below, determine
the adjusted
ratios for each of the animals using the Jefferson
Adjusted Ratio Formula (J.A.R.)
ANSWER BELOW:
There are 14 ice cream stands, 22 souvenir shops
and 12 concession stands and 23 volunteer
employees at the San Diego Zoo.. If the IDEAL
RATIO is 2.09 and the apportionments using the
WEBSTER METHOD are as listed below, determine
the FINAL APPORTIONMENT of the volunteer
workers at each location using the WEBSTER
METHOD.
Oscar and Felix inherit an
estate consisting of a Segway, a
special anniversary edition of a
Harley Davidson Fat Boy and
$25,000 in cash. Their bids are
below. Determine the initial
cash each receives…
OSCAR
FELIX
SEGWAY
$7,000
$9,000
HARLEY DAVIDSON
$23,000
$21,500
$4,500
FELIX: $27,750 - $9,000 = $18,750
OSCAR: $27,500 - $23,000 =
Knowing that there is $25,000
in the estate and Oscar receives
$4,500 in initial cash and Felix
receives $18,750 in initial cash,
determine each of their FINAL
SETTLEMENTS
$4,500
FELIX: $27,750 - $9,000 = $18,750
OSCAR: $27,500 - $23,000 =
SEGWAY
OSCAR
FELIX
HARLEY DAVIDSON
$7,000
$23,000
$9,000
$21,500
OSCAR:
FELIX:
FAIRSHARE
$27,500
$27,750
SHARE OF REMAINING
$875
$875
OSCAR: $28,375
FELIX: $28,625
Mary, Nick and Opel use the
following method to divide a
cake. Mary cuts the cake into
two portions that she considers
to be 1/3 and 2/3rds of the
cake. Nick cuts the portion that
Mary considers to be 2/3rds
into 2 pieces, which he believes
are equal. Opel selects the 1st
piece, Mary selects the 2nd piece
and Nick receives the last piece.
Which people feel by their own
assessment that they received
their fair share?
OPEL will feel like she got her
fair share.
Mary and Nick may not.
Why?
OLD STUFF
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