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:
“A good leg will fall, a straight back will stoop, a black beard will turn white, a fair face will wither, a full eye will wax hollow, but a good heart, Kate, is the sun and the moon—or rather the sun and not the moon, for it shines bright and never changes, but keeps his course truly.”
—William Shakespeare (1564–1616)
“For a small child there is no division between playing and learning; between the things he or she does “just for fun” and things that are “educational.” The child learns while living and any part of living that is enjoyable is also play.”
—Penelope Leach (20th century)