5 Pirates Puzzle
5 pirates of different ages have a treasure of 100 gold coins.
On their ship, they decide to split the coins using this scheme:
The oldest pirate proposes how to share the coins, and ALL pirates (including the oldest) vote for or against it.
If 50% or more of the pirates vote for it, then the coins will be shared that way. Otherwise, the pirate proposing the scheme will be thrown overboard, and the process is repeated with the pirates that remain.
Assuming that all 5 pirates are intelligent, rational, greedy, and do not wish to die, (and are rather good at math for pirates) what will happen?
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check the solution
The oldest pirate will propose a 98 : 0 : 1 : 0 : 1 split, in other words the oldest pirate gets 98 coins, the middle pirate gets 1 coin and the youngest gets 1 coin.
Let us name the pirates (from oldest to youngest): Alex, Billy, Colin, Duncan and Eddie.
Working backwards:
2 Pirates: Duncan splits the coins 100 : 0 (giving himself all the gold). His vote (50%) is enough to ensure the deal.
3 Pirates: Colin splits the coins 99 : 0 : 1. Eddie will accept this deal (getting just 1 coin), because he knows that if he rejects the deal there will be only two pirates left, and he gets nothing.
4 Pirates: Billy splits the coins 99 : 0 : 0 : 1. By the same reasoning as before, Eddie will support this deal.
5 Pirates: Alex splits the coins 98 : 0 : 1 : 0 : 1. By offering a gold coin to Colin (who would otherwise get nothing) he is assured of a deal.
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