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Pirate Loot
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Parts
Part 1
5 pirates have looted 100 coins from a tropical island. They must vote on how to divide these coins amongst each other. The voting process is as follows:
- The oldest pirate proposes a split (ex: 20, 20, 20, 20, 20)
- If the oldest pirate's plan gets at least 50% approval (he can vote for himself), the plan is passed. Otherwise he is executed and the process repeats itself with the next oldest pirate.
The process will continue until a plan is approved. How many gold coins will the oldest pirate get?
Assume the following:
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All pirates are perfectly rational and place the highest priority on staying alive
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After staying alive, all pirates seek to maximize earnings