Excursions in Modern Mathematics (9th Edition)
9th Edition
ISBN: 9780134468372
Author: Peter Tannenbaum
Publisher: PEARSON
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Chapter 3, Problem 64E
To determine
To describe:
The final settlement of fair division of
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Four heirs (A, B, C, and D) must fairly divide an estate consisting of two items - a desk and a vanity - using the method of sealed bids. The players' bids (in dollars) are:
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In this version of the ultimatum game experiment, one participant is given £100, and is told to offer to split that amount with another participant. The second player can either refuse to accept the division, in which case the participant receiving the £100 has to give it back, or can accept the division, in which case, the player receiving the money splits the £100 as proposed.
We can explain how the participant who receives the money, and makes the proposal decides on it by arguing that
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Chapter 3 Solutions
Excursions in Modern Mathematics (9th Edition)
Ch. 3 - Henry, Tom, and Fred are breaking up their...Ch. 3 - Alice, Bob, and Carlos are dividing among...Ch. 3 - Angie, Bev, Ceci, and Dina are dividing among...Ch. 3 - Mark, Tim, Maia, and Kelly are dividing among...Ch. 3 - Allen, Brady, Cody, and Diane are sharing a cake....Ch. 3 - Carlos, Sonya, Tanner, and Wen are sharing a cake....Ch. 3 - Four partners Adams, Benson, Cagle, and Duncan...Ch. 3 - Prob. 8ECh. 3 - Suppose that Angelina values strawberry cake twice...Ch. 3 - Suppose that Brad values chocolate cake thrice as...
Ch. 3 - Suppose that Brad values chocolate cake four as...Ch. 3 - Suppose that Angelina values strawberry cake five...Ch. 3 - Karla and five other friends jointly buy the...Ch. 3 - Marla and five other friends jointly buy the...Ch. 3 - Suppose that they flip a coin and Jackie ends up...Ch. 3 - Suppose they flip a coin and Karla ends up being...Ch. 3 - Suppose that they flip a coin and Martha ends up...Ch. 3 - Suppose that they flip a coin and Nick ends up...Ch. 3 - Suppose that David is the divider and Paula is the...Ch. 3 - Suppose that Paula is the divider and David is the...Ch. 3 - Three partners are dividing a plot of land among...Ch. 3 - Three partners are dividing a plot of land among...Ch. 3 - Four partners are dividing a plot of land among...Ch. 3 - Four partners are dividing a plot of land among...Ch. 3 - Mark, Tim, Maia, and Kelly are dividing a cake...Ch. 3 - Allen, Brady, Cody; and Diane are sharing a cake...Ch. 3 - Prob. 27ECh. 3 - Four partners are dividing a plot of land among...Ch. 3 - Prob. 29ECh. 3 - Five players are dividing a cake among themselves...Ch. 3 - Four partners Egan, Fine, Gong, and Hart jointly...Ch. 3 - Four players Abe, Betty, Cory, and Dana are...Ch. 3 - Exercises 33 and 34 refer to the following...Ch. 3 - Exercises 33 and 34 refer to the following...Ch. 3 - Exercise 35 through 38 refer to the following...Ch. 3 - Exercise 35 through 38 refer to the following...Ch. 3 - Prob. 37ECh. 3 - Prob. 38ECh. 3 - Exercises 39 and 40 refer to the following:...Ch. 3 - Exercises 39 and 40 refer to the following:...Ch. 3 - Jackie, Karla, and Lori are dividing the foot-long...Ch. 3 - Jackie, Karla, and Lori are dividing the foot-long...Ch. 3 - Ana, Belle, and Chloe are dividing four pieces of...Ch. 3 - Andre, Bea, and Chad are dividing an estate...Ch. 3 - Five heirs A,B,C,D, and E are dividing an estate...Ch. 3 - Oscar, Bert, and Ernie are using the method of...Ch. 3 - Anne, Bette, and Chia jointly own a flower shop....Ch. 3 - Al, Ben and Cal jointly own a fruit stand. They...Ch. 3 - Ali, Briana, and Caren are roommates planning to...Ch. 3 - Anne, Bess and Cindy are the roommates planning to...Ch. 3 - Prob. 51ECh. 3 - Three players (A,B and C) are dividing the array...Ch. 3 - Three players (A,B,andC) are dividing the array of...Ch. 3 - Three players (A,B,andC) are dividing the array of...Ch. 3 - Five players (A,B,C,D,andE) are dividing the array...Ch. 3 - Four players (A,B,C,andD) are dividing the array...Ch. 3 - Prob. 57ECh. 3 - Queenie, Roxy, and Sophie are dividing a set of 15...Ch. 3 - Ana, Belle, and Chloe are dividing 3 Choko bars, 3...Ch. 3 - Prob. 60ECh. 3 - Prob. 61ECh. 3 - Prob. 62ECh. 3 - Prob. 63ECh. 3 - Prob. 64ECh. 3 - Three players A, B, and C are sharing the...Ch. 3 - Angeline and Brad are planning to divide the...Ch. 3 - Prob. 67ECh. 3 - Efficient and envy-free fair divisions. A fair...Ch. 3 - Suppose that N players bid on M items using the...Ch. 3 - Asymmetric method of sealed bids. Suppose that an...Ch. 3 - Prob. 73E
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