A man has found out that he a terminal disease and is about to die. He decides to make out is will and make his three children the sole beneficiaries of his one and a half million dollars (to keep the math simple).
One child is very capable and has made three-quarters of a million dollars. Another is not quite so capable and has managed only half a million and the third, through no fault of his own, is the least capable and has managed only a quarter of a million.
The man wants to divide his money fairly among the three children and wonders which of two ways he should do it.
The first way is to divide the one and a half million evenly giving each child half a million dollars.
The second way is to leave the most capable child a quarter of a million dollars, the not-quite-so-capable child half a million and the least capable three quarters of a million. He reasons that when he goes he will leave his children in possession of a million dollars each.
He asks you which way he should go. What would be your advice?