Fair pie-cutting refers to a concept in game theory and economics that involves dividing a resource (the "pie") among multiple participants in a way that is perceived as fair by all involved. The primary goal is to ensure that everyone feels they have received their fair share, which can be challenging when preferences, needs, and valuations differ among participants. The notion of fair pie-cutting can apply to various contexts, such as dividing land, assets, resources, or even decision-making power.
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