Ghozer Posted November 16, 2011 Share Posted November 16, 2011 Honestly, at the moment, i'd accept anything that was offered, be-it £500 or £5000 Whatever it is will help me at the moment so... yeah, that's my answer... But I can see why some people would accept nothing, and if my situation was different, I too would possibly choose nothing, it's quite a hard thing to decide when you're not actually in the situation.. Link to comment Share on other sites More sharing options...
MrSmith Posted November 16, 2011 Author Share Posted November 16, 2011 Consider a 'Dutch Auction' approach: http://www.investopedia.com/terms/d/dutchauction.asp#axzz1dsC9iaIZ Let each person first write-down (secretly) what he/she would accept as minimum. They pass these to a neutral disinterested non-participant who's empowered to do the splitting. As cyclone says the rules are set, to get the £5000 you have to choose it and by doing so and assuming others in the group will also choose a low amount, the whole group will win, some more than others. Link to comment Share on other sites More sharing options...
L00b Posted November 16, 2011 Share Posted November 16, 2011 The lowest share is better than nothing.Is entirely rational and undisputable. But then there's the self-respect (alright, ego ), current circumstances and attitude to risk of each person. I don't have any problem admitting that I'd not take the £5.000: someone else in the 10-person group will need any (lower) amount of that windfall more than me, so I can afford to bluff longer for a higher share. And not win anything at all if it comes to that. Link to comment Share on other sites More sharing options...
MrSmith Posted November 16, 2011 Author Share Posted November 16, 2011 Is entirely rational and undisputable. But then there's the self-respect (alright, ego ), current circumstances and attitude to risk of each person. I don't have any problem admitting that I'd not take the £5.000: someone else in the 10-person group will need any (lower) amount of that windfall more than me, so I can afford to bluff longer for a higher share. And not win anything at all if it comes to that. I will be picking the ten and all but you are multimillionaire bankers. So will you take the 5 grand now and make them richer or take nothing. Link to comment Share on other sites More sharing options...
angel22 Posted November 16, 2011 Share Posted November 16, 2011 Write all the amounts down on seperate pieces of paper, fold them up and put them in a hat. Each person picks a piece of paper at random, whatever amount is on their piece of paper is what they get. I think that'd be a fair way of deciding who gets what. Link to comment Share on other sites More sharing options...
llamatron Posted November 16, 2011 Share Posted November 16, 2011 get the group to vote someone to give out the money. That person would get the £25000 and would decide who gets what thereafter! Link to comment Share on other sites More sharing options...
L00b Posted November 16, 2011 Share Posted November 16, 2011 I will be picking the ten and all but you are multimillionaire bankers. So will you take the 5 grand now and make them richer or take nothing. Pardon? Write all the amounts down on seperate pieces of paper, fold them up and put them in a hat. Each person picks a piece of paper at random, whatever amount is on their piece of paper is what they get. I think that'd be a fair way of deciding who gets what.KISS principle in full effect. Applause. Link to comment Share on other sites More sharing options...
Cyclone Posted November 16, 2011 Share Posted November 16, 2011 Are you saying that you'd agree that that person would get the £25,000 otherwise surely they'd get the £500,000 Would you continue to abide by the decision if they said you were getting the £5000 or would you renege and stop anyone getting anything. Link to comment Share on other sites More sharing options...
MrSmith Posted November 16, 2011 Author Share Posted November 16, 2011 Write all the amounts down on seperate pieces of paper, fold them up and put them in a hat. Each person picks a piece of paper at random, whatever amount is on their piece of paper is what they get. I think that'd be a fair way of deciding who gets what. get the group to vote someone to give out the money. That person would get the £25000 and would decide who gets what thereafter! The rules wouldn't alow that. Link to comment Share on other sites More sharing options...
llamatron Posted November 16, 2011 Share Posted November 16, 2011 The rules wouldn't alow that. why not if you agree to abide by the decision of the person you vote to make the decision? Link to comment Share on other sites More sharing options...
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