39. If you and another person are using the divide-and-choose procedure to divide something between you, would you rather be the divider or the chooser? (Assume that neither of you knows anything about the preferences of the other.)
39.
It is better to be the chooser. As divider, I’d get exactly 50% (or risk getting less). As chooser, I have a guarantee of getting at least 50% and the possibility (depending on the division) of getting more than 50%.