Who Gets the Bigger Slice

The board is about commitments and threats that the other side has to take seriously. Bargaining is where those are used most often: every “final offer” is a threat to walk away, and this lesson works out which ones are believed.
Before you start. From Draw the Tree, Start From the End you have backward induction: draw who moves when, then settle the last choice first and step back. From Coordination, Schelling Points & Credible Threats you have the credible threat: a threat counts only if carrying it out is really your best move when the moment comes. Here two people split something, and each round of arguing costs them both.