CHAPTER 2                  

 2.1, 2.2, 2.3

 FAIR DIVISION    

Eliot N

                                                 SECTION 2.1: A FAIR DIVISION ACTIVITY

       1.  Martha, Frank, and Courtney are all looking at piece of round cake that is on the counter.  They are all looking to get a piece of the cake, but everyone wants a equal piece.  How can all three of them divide the cake so that everyone gets a equal piece?  

•         propose a method for the equal division

           - use common sense, for most of this stuff it is just as simple as it looks

•     take the circular cake and divide it into three equal pieces. 

SECTION 2.2:  ESTATE DIVISION

        Christopher, Mike, Francine, and Carla are all heirs to an estate that includes a mansion, a yacht, a sports car, and 175,000 in cash.

Below are the results of the secret ballad taken for the the Estate:

•     Find the fair share for each of the heirs

            -to find the fair share add the amount that the heir bid for each item and divide by the number of items

        Christopher: ( 98,000 + 67,000 + 56,000)  / 3 = 73,666

        Mike: (105,000+ 70,000 + 50,000)  / 3 = 75,000

        Francine: ( 95,000 + 75,000 + 55,000)  / 3 = 75,000

        Carla: ( 85,000 + 60,000 + 57,000)  / 3 = 67,333

•     Decide on a fair method of splitting up the estate

                Mike: should receive the Mansion

                Francine: should receive the Yacht

                Carla: should receive the Sports Car

                Christopher: because he did not successfully bid on any item he should receive his fair share in cash

"I hate quotations. Tell me what you know." Ralph Waldo Emerson(1803-1882)

                      "The only disability in life is a bad attitude." Scott Hamilton(1958-)
                                                                                                                                                                                                                   

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