Monday, September 7, 2009

How to Split the Bill

Staying with the incentives ideas, this post from Economists Do It with Models presents an old problem that I think would make for an interesting discussion when you develop the concept of incentives.

What is the "best" way to split the bill when you and your friends go to a restaurant. What constitutes "fair"? What incentives are inherent in each method of splitting the bill?

Anyone ever done this in class?

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