[leobg]

Harry Browne had a technique for splitting up assets: One partner does the splitting. And the other partner gets to choose who gets which pile.

(He also has a more elaborate one, where the partners do a virtual auction of all items among themselves, to account for cases where particular items are worth a lot more to one of them. I believe it’s in his book “How I Found Freedom in an Unfree World”).

[cinntaile]

The first one is a very common technique among siblings too, let one of them split a cake and the other one gets to pick the piece. Applied game theory.

[will5421]

Do you happen to know what this is called in game theory? I’d like to read about it.

[dhsysusbsjsi]

"You cut I choose"

[zach_garwood]

My grandma called it "part and pick."

[ecnahc515]

Seems like a subset of the prisoners dilemma.

[laGrenouille]

There is a rather surprising amount of research about these kinds of approaches [1]. The various strategies and extensions are an interesting read.

^[1] https://en.wikipedia.org/wiki/Fair_cake-cutting

[nadinengland]

When I cook I usually have a portion I prefer. I always try my living hardest to let my wife pick which portion I have as to make it fair.

[sour-taste]

This is how my mom avoided fights about the fair sharing of cakes and pies between me and my siblings :D It works well!