5. Probability Models
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A decision is fair if each possible outcome is equally likely.
See solution.
We are asked to give an example of a fair decision and an example of an unfair decision if two brothers want to decide who has to wash the dishes. Let's begin by recalling when can we consider a decision to be fair.
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A decision is fair if each possible outcome is equally likely. |
Notice that this is only an example solution as we could think of infinitely many examples of fair and unfair decisions. In a real-life scenario, however, we should always try to choose the most fair decision so that everyone feels comfortable with it.