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Context: experiments show that the weighing of the above three principles depends on context. Aspects of context include past transactions (existing prices are usually considered "fair", particularly if they are stable and competitive). The endowment effect affects fairness: reducing
Common fairness criteria, such as proportionality and envy-freeness, judge the division from the point-of-view of a single agent, with a single preference relation. There are several ways to extend these criteria to fair division among groups. Unanimous fairness requires that the allocation be considered fair in the eyes of all agents in all ...
Relevance: The decision-making criteria and factors considered should be relevant to the goals and values of the affected stakeholders, such as patients, healthcare providers, and the community. Publicity: The decision-making process should be transparent, and the reasons for the decisions made should be made publicly available. This helps ...
Fair division is the problem in game theory of dividing a set of resources among several people who have an entitlement to them so that each person receives their due share. . That problem arises in various real-world settings such as division of inheritance, partnership dissolutions, divorce settlements, electronic frequency allocation, airport traffic management, and exploitation of Earth ...
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [1]
Justice as Fairness: Political not Metaphysical" is an essay by John Rawls, published in 1985. [1] In it he describes his conception of justice. It comprises two main principles of liberty and equality; the second is subdivided into fair equality of opportunity and the difference principle .
Fairness dilemmas arise when groups are faced with making decisions about how to share their resources, rewards, or payoffs. Since resources are limited, groups need to decide on fair ways of apportioning them out to their members. These fairness judgments are determined by procedural and distributive forms of social justice.
God's justice is rooted in an unwavering fairness, devoid of favoritism. The epistle to the Colossians further reinforces the notion of impartiality, stating that those who commit wrongdoings will be held accountable for their actions without any partiality based on their personhood.