Use the following information to answer Questions
Ashley, Brook, Chris, and Dana must make a fair division of the estate of their grandfather Wilbur. The estate consists of an old coin and a suit. Using the Knaster inheritance procedure, the value each person places on each item is shown below. $$\begin{array} { l l l l l }
\text { Item } & \text { Ashley } & \text { Brook } & \text { Chris } & \text { Dana } \
\text { Coin } & \$ 4 & \$ 6 & \$ 4 & \$ 4 \
\text { Suit } & \$ 4 & \$ 4 & \$ 7 & \$ 4
\end{array}$$
-Who gets the coin?
A) Ashley
B) Brook
C) Chris
D) Dana

Question

Use the following information to answer Questions
Ashley, Brook, Chris, and Dana must make a fair division of the estate of their grandfather Wilbur. The estate consists of an old coin and a suit. Using the Knaster inheritance procedure, the value each person places on each item is shown below. $$\begin{array} { l l l l l } 
\text { Item } & \text { Ashley } & \text { Brook } & \text { Chris } & \text { Dana } \
\text { Coin } & \$ 4 & \$ 6 & \$ 4 & \$ 4 \
\text { Suit } & \$ 4 & \$ 4 & \$ 7 & \$ 4
\end{array}$$
-Who gets the coin?
A) Ashley
B) Brook
C) Chris
D) Dana

Quizplus · Accepted Answer

According to the Knaster inheritance procedure, each person divides the items into two piles, one of which they consider to be of equal value to the other item. Brook values the suit and the coin equally, so she should get the item that is not selected by the other three. Since the coin is valued by three of them at $4 and the suit is valued by three of them at $4, Brook should get the coin.

Use the Following Information to Answer Questions Ashley, Brook, Chris

Use the Following Information to Answer Questions
Ashley, Brook, Chris