How to Share Beer Fairly

Equity and fairness have been studied from different point of views in philosophy, political science and economics, game theory, optimization, telecommunications, so pretty much everyone can find something to chew on. The following blog-post is about three weary wanderers who reached a pub in the middle of nowhere with only one liter of beer left. It shows how the definition of fairness (optimization objective) may dramatically affect various decisions to be made.

This entry was posted in Decision Models, Optimization. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s