Suppose you and I got in a car accident and both suffered from total amnesia. We’re in a hospital somewhere, neither of us have identification, but luckily all of the deeds of our possessions were in the trunk of the car and now lay before us on a hospital bed. Oh, also, there are results of the IQ test we apparently took together before the accident. One of us is a bit smarter than the other, but we don’t know which.
We can’t tell by the short conversations we’ve had who is the smarter nor who would have owned what.
Now we’ve been discharged from the hospital, but before we go on our separate ways we have to decide how to divvy up the possessions. Clearly, one of us is smarter and has the means to earn a higher income. What would be a fair division the deeds?
Now here’s a rather unrealistic catch: suppose we were deciding, today before we leave the hospital, how to divvy up our possessions, whatever they may be, a year from now? What would be the most fair way to do so?