How to mathematically cut a cake fairly

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Games theory applie to that case in wich two people are trying to get the same fair piece of cake and there's one who cuts and other who will choose.

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I think the magic of the "Cut n' Choose" method is it's simplicity. By the time we get a ref and tell our favourite features.. jeez, the ice cream would be melted.
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What I do with MY kids is slice as much as I want to give them. If I get any complaints, I say "Life isn't fair. If you don't like the cake, I'll eat it for you."
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