Fair division

Price of fairness

In the theory of fair division, the price of fairness (POF) is the ratio of the largest economic welfare attainable by a division to the economic welfare attained by a fair division. The POF is a quantitative measure of the loss of welfare that society has to take in order to guarantee fairness. In general, the POF is defined by the following formula: The exact price varies greatly based on the kind of division, the kind of fairness and the kind of social welfare we are interested in. The most well-studied type of social welfare is utilitarian social welfare, defined as the sum of the (normalized) utilities of all agents. Another type is egalitarian social welfare, defined as the minimum (normalized) utility per agent. (Wikipedia).

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Ex: Find the Sale Tax Percentage

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From playlist Percent Applications

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Rates

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From playlist Ratios and Rates

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Ex: Find the Percent of an Amount - Sale Tax

This video explains how to solve a percent problem by determining the percent of a number. http://mathispower4u.com

From playlist Percent Applications

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Percent discount problems

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Percent of Change

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From playlist Percentages

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Pricing Financial Futures (Part 1 of 2)

These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle Pricing Futures: When the deli

From playlist Class 1 Futures & Forwards

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Interpreting futures fair value in the premarket | Finance & Capital Markets | Khan Academy

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From playlist Options, swaps, futures, MBSs, CDOs, and other derivatives | Finance and Capital Markets | Khan Academy

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These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle

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21. Fare Policy, Structure, and Technology

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From playlist MIT 1.258J Public Transportation Systems, Spring 2017

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From playlist Class 2: An Introduction to Options

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Futures fair value in the pre-market | Finance & Capital Markets | Khan Academy

Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/forward-futures-contracts/v/futures-fair-value-in-the-pre-market What is the Futures Fair Value and how to

From playlist Options, swaps, futures, MBSs, CDOs, and other derivatives | Finance and Capital Markets | Khan Academy

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Example 2: Determine a Percent of Change (increase)

This video determine a percent of increase from 3200 to 3400. Complete Video Library: http://www.mathispower4u.com

From playlist Percent of Change

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Proportional division | Price of anarchy | Fair division | Last diminisher | Competitive equilibrium | Fair cake-cutting | Chore division | Envy-free cake-cutting | Fair item allocation