Fair Division
Equitability in fair division means every person’s subjective valuation of their own share of some goods is the same. The surplus procedure (SP) achieves a more complex variant called proportional equitability. For more than 2 people a division cannot always both be equitable and envy-free.
Read more about this topic: Equity (economics)
Famous quotes containing the words fair and/or division:
“Let us have a fair field! This is all we ask, and we will be content with nothing less. The finger of evolution, which touches everything, is laid tenderly upon women. They have on their side all the elements of progress, and its spirit stirs within them. They are fighting, not for themselves alone, but for the future of humanity. Let them have a fair field!”
—Tennessee Claflin (1846–1923)
“That crazed girl improvising her music,
Her poetry, dancing upon the shore,
Her soul in division from itself
Climbing, falling she knew not where,
Hiding amid the cargo of a steamship
Her knee-cap broken.”
—William Butler Yeats (1865–1939)