Albion College

Mathematics and Computer Science

Mathematics and Computer Science

COLLOQUIUM

On Consistent Bankruptcy Rules

Michael A. Jones

The Talmud rule is a method to determine how to allocate an estate
(an amount of money) to two or more individuals who are owed collectively
more than the estate. Using data from the Egyptian Talmud, I will examine
the puzzle of how the data led to the rule and I will give some of the
history of the problem. The Talmud rule is one of a class of consistent
rules. I will demonstrate how such rules (as well as the proportional
rule) can be used to define a dynamic procedure for which the bankruptcy
solution is the unique attractive fixed point.

This is joint work with Jennifer M. Wilson, Eugene Lang College, The New School for Liberal Arts, New York, NY.

This is joint work with Jennifer M. Wilson, Eugene Lang College, The New School for Liberal Arts, New York, NY.