This question illustrates how bidding dishonestly can end up hurting the cheater. Four partners are dividing a million-dollar property using the lone-divider method. Using a map, Danny divides the property into four parcels s1, S2, $3, and s4. The following table shows the value of the four parcels in the eyes of each partner (in thousands of dollars): $2 S3 S4 Danny $250 $250 $250 $250 Brianna $490 $180 $150 $180 Carlos $290 $300 $190 $220 Greedy $320 S280 $290 $110 Assuming all players bid honestly, which piece will Greedy receive? Osl Os2 Os3 Os4 Assume Brianna and Carlos bid honestly, but Greedy decides to bid only for s1, figuring that doing so will get him s1. In this case there is a standoff between Brianna and Greedy. Since Danny and Carlos are not part of the standoff, they can receive their fair shares. Suppose Danny gets s3 and Carlos gets s2, and the remaining pieces are put back together and Brianna and Greedy will split them using the basic divider-chooser method. If Greedy gets selected to be the divider, what will be the value of the pice he receives? thousand dollars

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This question illustrates how bidding dishonestly can end up hurting the cheater.
Four partners are dividing a million-dollar property using the lonc-divider method. Using a map, Danny divides
the property into four parcels s1, S2, 83, and s4. The following table shows the value of the four parcels in the
eyes of cach partner (in thousands of dollars):
$2
S3
S4
Danny
$250
$250 $250 $250
Brianna
$490
$180 $150
$180
Carlos
$290
$300
$190
$220
Greedy
$320
$280 $290
$110
Assuming all players bid honestly, which piece will Greedy receive?
Osl
Os2
Os3
Os4
Assume Brianna and Carlos bid honestly, but Greedy decides to bid only for s, figuring that doing so will get
him s1. In this case there is a standoff between Brianna and Greedy. Since Danny and Carlos are not part of the
standoff, they can receive their fair shares. Suppose Danny gets s3 and Carlos gets s2, and the remaining pieces
are put back together and Brianna and Greedy will split them using the basic divider-chooser method. If Greedy
gets selected to be the divider, what will be the value of the piece he receives?
thousand dollars
Transcribed Image Text:This question illustrates how bidding dishonestly can end up hurting the cheater. Four partners are dividing a million-dollar property using the lonc-divider method. Using a map, Danny divides the property into four parcels s1, S2, 83, and s4. The following table shows the value of the four parcels in the eyes of cach partner (in thousands of dollars): $2 S3 S4 Danny $250 $250 $250 $250 Brianna $490 $180 $150 $180 Carlos $290 $300 $190 $220 Greedy $320 $280 $290 $110 Assuming all players bid honestly, which piece will Greedy receive? Osl Os2 Os3 Os4 Assume Brianna and Carlos bid honestly, but Greedy decides to bid only for s, figuring that doing so will get him s1. In this case there is a standoff between Brianna and Greedy. Since Danny and Carlos are not part of the standoff, they can receive their fair shares. Suppose Danny gets s3 and Carlos gets s2, and the remaining pieces are put back together and Brianna and Greedy will split them using the basic divider-chooser method. If Greedy gets selected to be the divider, what will be the value of the piece he receives? thousand dollars
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