A Problem of Distributive Justice, Solved by the Lasso

Philip T. Reiss

The American Statistician, 2021, vol. 75, issue 2, 139-144

Abstract: The problem of dividing an estate among creditors, when their claims total more than the value of the estate, was posed in the Talmud and has been analyzed in the game theory literature. Here, we reveal a close connection between schemes for estate division and linear regression solution paths obtained by least angle regression or by the lasso. We focus primarily on the division scheme known as constrained equal awards, but also consider a more complex approach described by Aumann and Maschler. Supplementary materials for this article are available online.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00031305.2019.1688682 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:amstat:v:75:y:2021:i:2:p:139-144

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/UTAS20

DOI: 10.1080/00031305.2019.1688682

Access Statistics for this article

The American Statistician is currently edited by Eric Sampson

More articles in The American Statistician from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().