Fair way to split coins [duplicate]












7












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This question already has an answer here:




  • Who gets more money?

    2 answers





Alice and Bob went walking in the desert.
Alice had two gallons of water and Bob had three gallons.
They met Charlie who had no water at all and they all (Alice, Bob, and Charlie) shared the five gallons of water evenly.
As a token of his gratitude, Charlie gave them five gold coins.
What is the fair way to split these five coins?




Source: Ponder This






logical-deduction money







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marked as duplicate by Dr Xorile, Peregrine Rook, deep thought, Alconja, Glorfindel 22 hours ago


This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.























    7












    $begingroup$



    This question already has an answer here:




    • Who gets more money?

      2 answers





    Alice and Bob went walking in the desert.
    Alice had two gallons of water and Bob had three gallons.
    They met Charlie who had no water at all and they all (Alice, Bob, and Charlie) shared the five gallons of water evenly.
    As a token of his gratitude, Charlie gave them five gold coins.
    What is the fair way to split these five coins?




    Source: Ponder This






    logical-deduction money







    share|improve this question









    $endgroup$



    marked as duplicate by Dr Xorile, Peregrine Rook, deep thought, Alconja, Glorfindel 22 hours ago


    This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.





















      7












      7








      7





      $begingroup$



      This question already has an answer here:




      • Who gets more money?

        2 answers





      Alice and Bob went walking in the desert.
      Alice had two gallons of water and Bob had three gallons.
      They met Charlie who had no water at all and they all (Alice, Bob, and Charlie) shared the five gallons of water evenly.
      As a token of his gratitude, Charlie gave them five gold coins.
      What is the fair way to split these five coins?




      Source: Ponder This






      logical-deduction money







      share|improve this question









      $endgroup$





      This question already has an answer here:




      • Who gets more money?

        2 answers





      Alice and Bob went walking in the desert.
      Alice had two gallons of water and Bob had three gallons.
      They met Charlie who had no water at all and they all (Alice, Bob, and Charlie) shared the five gallons of water evenly.
      As a token of his gratitude, Charlie gave them five gold coins.
      What is the fair way to split these five coins?




      Source: Ponder This





      This question already has an answer here:




      • Who gets more money?

        2 answers







      logical-deduction money




      logical-deduction money






      share|improve this question













      share|improve this question











      share|improve this question




      share|improve this question










      asked yesterday









      OHOOHO

      385




      385




      marked as duplicate by Dr Xorile, Peregrine Rook, deep thought, Alconja, Glorfindel 22 hours ago


      This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.









      marked as duplicate by Dr Xorile, Peregrine Rook, deep thought, Alconja, Glorfindel 22 hours ago


      This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.
























          1 Answer
          1






          active

          oldest

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          13












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          Alice has 6/3 gallons of water. Bob has 9/3 gallons of water.



          After sharing the five gallons of water evenly,




          Alice has given Charlie 1/3 gallons of water and Bob has given him 4/3 gallons of water.




          As such, I believe Alice should get




          1 gold coin




          and Bob




          the other four - the effective trade is 1 gold coin for 1/3 gallons of water, here.







          share|improve this answer









          $endgroup$













          • $begingroup$
            That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
            $endgroup$
            – Ben S
            22 hours ago


















          1 Answer
          1






          active

          oldest

          votes








          1 Answer
          1






          active

          oldest

          votes









          active

          oldest

          votes






          active

          oldest

          votes









          13












          $begingroup$

          Alice has 6/3 gallons of water. Bob has 9/3 gallons of water.



          After sharing the five gallons of water evenly,




          Alice has given Charlie 1/3 gallons of water and Bob has given him 4/3 gallons of water.




          As such, I believe Alice should get




          1 gold coin




          and Bob




          the other four - the effective trade is 1 gold coin for 1/3 gallons of water, here.







          share|improve this answer









          $endgroup$













          • $begingroup$
            That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
            $endgroup$
            – Ben S
            22 hours ago
















          13












          $begingroup$

          Alice has 6/3 gallons of water. Bob has 9/3 gallons of water.



          After sharing the five gallons of water evenly,




          Alice has given Charlie 1/3 gallons of water and Bob has given him 4/3 gallons of water.




          As such, I believe Alice should get




          1 gold coin




          and Bob




          the other four - the effective trade is 1 gold coin for 1/3 gallons of water, here.







          share|improve this answer









          $endgroup$













          • $begingroup$
            That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
            $endgroup$
            – Ben S
            22 hours ago














          13












          13








          13





          $begingroup$

          Alice has 6/3 gallons of water. Bob has 9/3 gallons of water.



          After sharing the five gallons of water evenly,




          Alice has given Charlie 1/3 gallons of water and Bob has given him 4/3 gallons of water.




          As such, I believe Alice should get




          1 gold coin




          and Bob




          the other four - the effective trade is 1 gold coin for 1/3 gallons of water, here.







          share|improve this answer









          $endgroup$



          Alice has 6/3 gallons of water. Bob has 9/3 gallons of water.



          After sharing the five gallons of water evenly,




          Alice has given Charlie 1/3 gallons of water and Bob has given him 4/3 gallons of water.




          As such, I believe Alice should get




          1 gold coin




          and Bob




          the other four - the effective trade is 1 gold coin for 1/3 gallons of water, here.








          share|improve this answer












          share|improve this answer



          share|improve this answer










          answered yesterday









          BraeghBraegh

          53818




          53818












          • $begingroup$
            That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
            $endgroup$
            – Ben S
            22 hours ago


















          • $begingroup$
            That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
            $endgroup$
            – Ben S
            22 hours ago
















          $begingroup$
          That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
          $endgroup$
          – Ben S
          22 hours ago




          $begingroup$
          That's one way of looking at it. Another, from the economists: using logarithmic utility. Alice, who has less water to begin with, is likely to value it more. 'Fair', should reflect that.
          $endgroup$
          – Ben S
          22 hours ago



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