Clearly Explain Why It Is Better to Be the Chooser

question 9

Essay

Clearly explain why it is better to be the chooser compared to the divider when using the DividerChooser Method of fair division.

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Definitions:

Decision-Making Process

The cognitive process leading to the selection of a course of action among several alternative scenarios.

Black Box

A system or object which can be viewed in terms of its inputs and outputs without any knowledge of its internal workings.

Cognitive Dissonance

The conflict (i.e., remorse) that buyers feel after making a major purchase.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, and about the past, present, and potential customers for the product or service.