Four people must make a fair division of two classic cars. They use the Knaster inheritance procedure. Their bids are shown below: $$\begin{array} { l l l l l }
& \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } \
\text { T-Bird } & 60,000 & 90,000 & 50,000 & 50,000 \
\text { Mustang } & 70,000 & 45,000 & 100,000 & 80,000
\end{array}$$ Who gets the Mustang?

Question

Four people must make a fair division of two classic cars. They use the Knaster inheritance procedure. Their bids are shown below: $$\begin{array} { l l l l l } 
& \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } \
\text { T-Bird } & 60,000 & 90,000 & 50,000 & 50,000 \
\text { Mustang } & 70,000 & 45,000 & 100,000 & 80,000
\end{array}$$ Who gets the Mustang?

Quizplus · Accepted Answer

The Knaster inheritance procedure involves each person bidding on each item, and the item goes to the highest bidder, who then pays an average of the bids to the other parties. For the Mustang, person C has the highest bid at 100,000, so they get the Mustang.

Four People Must Make a Fair Division of Two Classic