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March 2010
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fair division

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The maths of fair division

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Bonuses are a fact of business life. Last year the Guardian newspaper calculated that the cash rewards paid to London's financial chiefs comfortably outstripped the UK's entire transport budget. With such large sums at stake, envy is bound to raise its ugly head, nver a good thing for company morale. So how should you decide who gets how much? Steven J. Brams suggests a method that's not only fair, but also encourages honesty.

Tags: combinatorics : fair division