How Mathematicians Cut Cake
priceonomics.com
priceonomics.com
a) Efficient - guarantees an allocation where making at least one party better off without making anyone else worse off is possible
b) Balanced budget - guarantees all prices sum to a fixed number eg the total rent share
c) Incentive compatibility - it always a Nash equilibrium for every party to report their true preferences for each good.
There is only one allocation mechanism (Vickery-Clarke-Groves) that satisfies the 1st and 3rd criteria and this will generally not also satisfy the 2nd.
Reference:
https://en.wikipedia.org/wiki/Vickrey%E2%80%93Clarke%E2%80%9...
Thus, Su and Spliddit's algorithms by definition must be vulnerable to strategic reporting.
Example: V=[v1,v2,v3] = preferences for rooms 1,2,3. total rent = 1000
VA = [1000,0,0] VB = [0,1000,0] VC = [0,0,1000]
Truth Telling Spliddit Allocation A->1,B->2,C->3 prices = [333,333,333]
If C reports [500,500,0] and A,B report truth
A->1,B->2,C->3 prices = [500,500,0]
TLDR - fair and efficient allocation mechanisms can never avoid vulnerability to gaming for some preferences.
An experimentalist would point out that pizza components have a radial dependence (Ie, crust on the outside), so it's not actually equal slicing in practice, and the traditional sector slices are really the most optimal ;-)
"""The situation could drag on until October of 2017 as Kaplan and Pera have a deal in which he has the option to make a bid for controlling interest in the team at a price of their choosing. At that point Pera would have two options: buy out Kaplan and Straus at that named price, or sell his shares to them based on the same valuation. """
http://basketball.realgm.com/wiretap/241181/sale-of-wolves-h...
Since often it's difficult to cut fairly, so the other person gets to pick a bigger piece always.
The REALLY smart ones may have done a cost-benefit analysis and decided that the payoff from the metagame - an increment in your opinion of them - is not worth as much utility as the incrementally bigger cake.
I had a fantastic math teacher in high school who showed how it is fairly difficult to make any voting scheme fair.
https://en.wikipedia.org/wiki/Arrow%27s_impossibility_theore...
There was some joke I think by Kenneth that the only fair voted government is a dictatorship.
I don't see how that differs at all from the colloquial understanding. It's a perfect reflection of the principle of One Man, One Vote, as described for Ankh-Morpork ("The Patrician was the Man; he had the Vote").
https://books.google.com/books?id=cLUA-sRhJ5QC&q=nash#v=snip...
> “If John proposes $110,000 and Jane proposes $100,000 then John, the higher bidder, will buy out Jane for $105,000,” explains Klarreich. “Each participant ends up with something—either money or the business—at a price that is better than his or her offer.”
I'm curious how that would work in a marriage, given that the couple's assets are generally commingled (how can I spend our assets to pay you for our assets?).
I think that'd work better when the husband & wife each have their own personal assets, and only the common property is held in common.
1) A judge awards the estate be split in a given proportion
2) Illiquid assets are priced and allocated using the mechanism
3) The judge's split-proportion is achieved using the liquid assets' market prices
http://fivethirtyeight.com/features/can-you-bake-the-optimal...
Fair does not mean equal and equal does not mean fair.
I wonder how mathematicians eat corn on the cob? Across left to right? In circles? I was told by future in-laws that I was "confident" Because I ate left to right like a typewriter. They eat in circles. Ever since then I eat randomly. Bite here.. Row right to ledt there. .....
https://math.stackexchange.com/questions/637728/splitting-a-...