Key points are not available for this paper at this time.
The problem of dividing a pie between two persons is considered. An arbitration procedure for dividing the pie is proposed, in which the arbitrator is a random number generator. In this procedure, the arbitrator makes an offer to the players at each step, and the players can either accept or reject the arbitrator’s offer. If there is no consensus, negotiations move on to the next step. At the same time, the arbitrator punishes the rejecting player by reducing the amount of the resource in favor of the consenting player. A subgame perfect equilibrium is found in the process.
Mazalov et al. (Thu,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: