New Results about the Adjusted Winner Procedure
[Intended for a more general audience. Initial draft: comment welcome] Adjusted Winner Procedure The Adjusted Winner procedure is a well-known fair division mechanism to settle disputes and divide resource between two parties. It was proposed by political scientist Steven Brams and mathematician Alan Taylor: Since the allocation of resources is typically seen in the context of conflict and cooperation, the parties are referred to as agents or player as is standard in the field of game theory. Adjusted Winner has been advocated as a fair division rule for divorce settlements, international border conflicts and real estate disputes. It has been termed as a way to obtain a win-win solution . For example, it has been shown that the agreement reached during Jimmy Carter’s presidency between Israel and Egypt is very close to what Adjusted Winner would have predicted . Adjusted Winner has been patented by New York University and licensed to the law firm...