Fair way to split coins [duplicate]
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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
asked yesterday
OHOOHO
385
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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.
add a comment |
$begingroup$
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
asked yesterday
OHOOHO
385
$endgroup$
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.
add a comment |
$begingroup$
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
asked yesterday
OHOOHO
385
$endgroup$
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
asked yesterday
OHOOHO
385
asked yesterday
OHOOHO
385
asked yesterday
OHOOHO
385
asked yesterday
OHOOHO
385
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.
add a comment |
add a comment |
1 Answer
1
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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.
answered yesterday
BraeghBraegh
53818
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$begingroup$
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.
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– Ben S
22 hours ago
add a comment |
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
$begingroup$
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.
answered yesterday
BraeghBraegh
53818
$endgroup$
$begingroup$
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
add a comment |
$begingroup$
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.
answered yesterday
BraeghBraegh
53818
$endgroup$
$begingroup$
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
add a comment |
$begingroup$
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.
answered yesterday
BraeghBraegh
53818
$endgroup$
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.
answered yesterday
BraeghBraegh
53818
answered yesterday
BraeghBraegh
53818
answered yesterday
BraeghBraegh
53818
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
add a comment |
$begingroup$
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
add a comment |
