Venkatesh Rao@vgr·Dec 29, 2015"You divide the cake, I'll pick my half first" is the wheel of justice mechanisms.125
zem@zem42·Dec 30, 2015Replying to @vgr@vgr martin gardner wrote about it in one of his columns. the idea is pretty simple (once someone thought of it)11
Venkatesh Rao@vgr·Dec 30, 2015Replying to @zem42@zem42 I've been collecting more complex n=2 examples like "you decide the valuation, I'll decide the term sheet"1
zem@zem42·Dec 30, 2015Replying to @vgr@vgr first person proposes a 1/n slice. you go round the circle, people can accept or reduce the slice. round ends when everyone accepts1
zem@zem42·Dec 30, 2015Replying to @vgr@vgr last person to reduce keeps the slice, and then repeat with n-1 people.1