Hi everyone, thougt i would post this intersting one:
7 Sales executives have 1 million dollars to divide amongst themselves. The most senior sales executive propses a particular split and then everyone votes (each person's vote is equal). If at least 50% of the people accept, then the money is divided the way that was suggested. Otherwise the sales executive who propsed it gets fired...and then we move on to the next senior sales exec and the whole process repeats. The executives are rational (want to keep their jobs first and also get as much money as possible), and they also would prefer fewer executives in the group if given a choice (all else equal).
How should the cash be split ?
