Math Shall Set You Free—From Envy
Maegan Ayers and her then-boyfriend, Nathan Socha, faced a dilemma in the fall of 2009. They had found the perfect little condo for sale in the Boston neighborhood of Jamaica Plain: on the ground floor, just a mile from the nearest “T” train station, and close by Boston’s Emerald Necklace, a seven-mile chain of parks and bike paths. Federal incentives, low prices, and high rents had made home-buying an unusually attractive proposition, and the pair was eager to snap up the condo.
But, as the couple’s parents gently pointed out, Ayers and Socha were not yet married, or even engaged. If their relationship were to sour, they would have none of the protections that married homebuyers enjoy. As “tenants in common,” one of them could legally rent out or even sell his or her share of the condo to a total stranger. In the event of a break-up, Ayers and Socha wondered, how could they avoid conflict over their jointly owned condo?
Many families are faced with some version of Ayers and Socha’s quandary—how to fairly divide coveted goods. Some achieve a satisfying division, and are even strengthened in the process; others are ripped apart. Despite these high stakes, the methods families use to divide their assets tend to be very ad hoc.
Ayers and Socha did something different: They turned to mathematics.
erhaps the oldest fair division method on the books—one which has been used by children from time immemorial—is the “I cut, you choose” method for dividing up, say, a cake between two people. One person cuts the
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