Re: AltInst: fair division

[From Anton Sherwood's post:]

>: Richard Ross-Langley of St Albans, UK, proposes (at:
>www.globalideasbank.org/wbi/WBI-31.HTML) that arguments over sharing
>: out property from a Will could be avoided by his procedure whereby
>: executors auction the property amongst those eligible, with the highest
>: bidders' payments going into a pool to be shared out at the end.
>
>How does his scheme differ from that of H.SteSubject: inhaus
>(set forth in _Mathematical Snapshots_)?

There was a psych paper many years ago in Scientific American, or
New Scientist or suchlike, on co-operation in game theory which
discussed a similar concept. My proposal discusses typical and
extreme cases, indicating how feedback leads to a stable solution.
But _Math Snapshots_ is not on my reading list - how does it differ?

(By the way, my algorithm is not limited to Wills.)

Best wishes

--
Richard Ross-Langley   <rrl@pobox.com>     +44 1727 852 801
Mine of Information Ltd, PO BOX 1000, St Albans AL3 5NY, GB
* Independent Computer Consultancy    Established in 1977 *
--
With best wishes, Nicholas Albery <rhino@dial.pipex.com>)
The Institute for Social Inventions   |  Tel +44 [0]181 208 2853
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