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To ensure a fair division

To ensure a fair division between two people (for dividing chocolate bars between children for instance) you might use the 'one cuts, the other chooses' method. How do you ensure a fair division between three people?
 
The first person cuts into 3 the second person chooses a portion for the cutter, the third person selects a portion for him/herself, and the second person left with the remaining portion.
 

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