An Allocation Is Fair If Whenever One Person Envies Another

question 14

True/False

An allocation is fair if whenever one person envies another, the envied person does not envy the envier.

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Definitions:

Sample Point

An element of the sample space. A sample point represents an experimental outcome.

Statistical Experiments

Designed investigations that manipulate variables to observe effects and establish cause-and-effect relationships in data.

Outcome

The result or consequence of an experiment, action, or occurrence.

Prior Probabilities

Initial estimates of the probabilities of events.