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Five pirates splitting a hundred gold coins

Question

Five pirates, ranked 11 (most junior) to 55 (most senior), must divide 100100 gold coins. The most senior surviving pirate proposes an allocation and everyone still aboard, the proposer included, votes. The plan is adopted if at least half the votes are in favour; if a strict majority votes against, the proposer is thrown overboard and the next most senior pirate proposes. If only one pirate is left he keeps all 100100. Each pirate values survival first and then coins, and all reason perfectly. How many coins does pirate 55 keep under his best proposal? (Answer 00 if he is always thrown overboard.)

Short answer

9898. Work backwards. With pirates 1,21,2, pirate 22 keeps all (his own vote is half). With three, pirate 33 buys pirate 11 for one coin. With four, pirate 44 needs one more vote and buys pirate 22 for one coin. With five, pirate 55 needs two extra votes and buys pirates 33 and 11 (who get nothing otherwise) with one coin each, keeping 9898.

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