Fair Division

Fair division is the process of allocating goods, resources, or costs among individuals in a way that everyone perceives as fair. It aims to ensure each person feels they receive their rightful share, considering preferences, contributions, or needs. Techniques can include dividing items equally, using proportional splitting, or applying rules that prevent envy. Fair division is used in situations like splitting inheritances, dividing chores, or sharing resources, helping to resolve disputes and achieve equitable outcomes. It balances efficiency with fairness, ensuring all parties are satisfied with their allocated share.