Question: please help Four partners are dividing a million-dollar property using the lone-divider method. Using a map, Danny divides the property into four parcels S,, $2,

please help

please help Four partners are dividing a
Four partners are dividing a million-dollar property using the lone-divider method. Using a map, Danny divides the property into four parcels S,, $2, $3, and s,. The following table shows the value of the four parcels in the eyes of each partner (in thousands of dollars): S 1 S2 S3 SA Danny $250 $250 $250 $250 Brianna $480 $160 $200 $160 Carlos $290 $300 $170 $240 Greedy $330 $300 $270 $100 Assuming all players bid honestly, which piece will Greedy receive? Assume Brianna and Carlos bid honestly, but Greedy decides to bid only for s,, figuring that doing so will get him s, . In this case there is a standoff between Brianna and Greedy. Since Danny and Carlos are not part of the standoff, they can receive their fair shares. Suppose Danny gets s, and Carlos gets $2, and the remaining pieces are put back together and Brianna and Greedy will split them using the basic divider-chooser method. If Greedy gets selected to be the divider, what will be the value of the piece he receives? thousand dollars

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!