= Levmore–Cook moving-knives procedure
{wiki=Levmore–Cook_moving-knives_procedure}
The Levmore–Cook moving-knives procedure is a method used in fair division, particularly in the context of dividing a resource (usually a continuous one) among two or more parties in a way that aims to be equitable. This procedure is especially relevant in scenarios involving heterogeneous preferences, where the parties have different valuations of the resource being divided. \#\#\# Overview of the Procedure 1. **Setup**: Imagine a continuous interval, which can represent anything that can be divided (like a cake).
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