Suppose Kelly and Jan Want to Take Turns, Using the Bottom-Up

question 117

Essay

Suppose Kelly and Jan want to take turns, using the bottom-up strategy, to allocate several textbooks currently held jointly. Their ranked preferences are listed below: $\begin{array}{|c|c|c|c|c|c|c|}\hline&{1 \text { st }} & {2 \text { nd }} & {3 \text { rd }} & {\text { 4th }} & 5 \text { th } & 6 \text { th } \\\hline\begin{array}{l}\text { Kelly } \\\text { Jan }\end{array} & \begin{array}{l}\text { painting } \\\text { design }\end{array} & \begin{array}{l}\text { music } \\\text { architecture }\end{array} & \begin{array}{l}\text { architecture } \\\text { painting }\end{array} & \begin{array}{l}\text { sculpture } \\\text { sculpture }\end{array} & \begin{array}{l}\text { design } \\\text { music }\end{array} & \begin{array}{l}\text { textiles } \\\text { textiles }\end{array}\end{array}$ If Kelly chooses first, how are books allocated?

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Definitions:

Financial Assets

Economic resources or assets that are paper-based, including stocks, bonds, bank deposits, and other investments.

Monetary Value

The value of a good or service determined by the amount of money that it can be traded or sold for in a market.

Demographic Characteristics

Refers to the statistical data of a population that include age, race, gender, income, migration patterns, and population growth.

Poverty Rate

The percentage of the population living below the national poverty line, reflecting those who cannot meet basic needs for food, shelter, and clothing.