Fair division is an optimisation problem in game theory of dividing a set of resources among several parties who have an entitlement to them so that each party receives their due share. The central tenet of fair division is that such a division should be performed by the players themselves, without the need for external arbitration, as only the players themselves really know how they value the goods.
Fair division is an optimisation problem in game theory of dividing a set of resources among several parties who have an entitlement to them so that each party receives their due share. The central tenet of fair division is that such a division should be performed by the players themselves, without the need for external arbitration, as only the players themselves really know how they value the goods.
Source: Wikipedia "Fair division" · CC BY-SA 4.0
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