Based on the two previous examples, it is interesting to note that the use of Illinibucks could change based on seniority. In other words, as students get older, reasons to use Illinibucks shift from gaining advantages in priority based contexts to gaining advantages in "RSVP" contexts. For example, a first year student may primarily use Illinibucks to reduce their disadvantage in a “seniority-effect” that comes with many priority basis contexts. A fourth year student may not feel the “seniority-effect” that comes with priority basis contexts any longer, so he or she may use Illinibucks to get front of the line for first come first serve contexts such as career fairs or “RSVP” situations. As I am a senior and now concerned with my career path after graduation, I would use my allocation of Illinibucks for the latter of these two examples. Gaining an advantage in first come first serve or “RSVP” contexts would benefit me far greater than in a priority based context where I already have and advantage due to my seniority.
Friday, October 3, 2014
Illinibucks
The use of an allocation of “Illinibucks” by students could be used in several common contexts on campus. Some of situations are set in the context of a first come first serve basis. For example, a student could find him or herself at a career fair but be in the back of the line. The booths set up at career fairs overflow with people and unless you have something to differentiate yourself from the pack, many of the people at the front of the line may have an advantage over those in the back of the line in terms of presenting themselves and what they have to offer. Another situation similar to this is an “RSVP” situation such as the different lectures and meetings held that have limitations in space. Those who sign up for this opportunity first or discover the opportunity first have a clear advantage. Illinibucks could be spent in these situations to get a student to the front of the line or ensure a spot in an RSVP situation, therefore giving them an advantage they previously did not have.
Another context includes allocations based on a priority basis. In a student’s first year, odds of getting his or her top choices are drastically reduced because many common choices are are allocated on a priority basis. In addition to this, priority is generally based on seniority. For example, a student may want to live in Ikenberry Commons (also known as Six-Pack) but have to defect to a second choice such as Pennsylvania Avenue Residence Hall because of their position in priority rankings. Illinibucks could be spent by a first year student such as this one to select what dorm they live in that year or any subsequent year. In effect, Illinibucks could be spent to reduce what I will call the “seniority effect” that comes with priority basis contexts.
In both of these examples, high or low pricing could have adverse effects on the market of Illinibucks. If the administered price were too low, a higher demand for use of Illinibucks towards gaining an advantage, or “getting to the front of the line”, could outweigh the quantity of opportunities supplied, whether that is the number of spots available for university housing or “RSVP” situations. Illinibucks could potentially be sold an underground market to satisfy the needs of some of those in demand but this would not satisfy the needs of all those in demand of these opportunities. In the opposite situation, if the administered price were too high, the demand for these opportunities would drastically decrease and much of the supply of opportunities provided would remain unused. In either situation, low or high administered prices, the advantages and profitability found in the use of Illinibucks would be lost.
Based on the two previous examples, it is interesting to note that the use of Illinibucks could change based on seniority. In other words, as students get older, reasons to use Illinibucks shift from gaining advantages in priority based contexts to gaining advantages in "RSVP" contexts. For example, a first year student may primarily use Illinibucks to reduce their disadvantage in a “seniority-effect” that comes with many priority basis contexts. A fourth year student may not feel the “seniority-effect” that comes with priority basis contexts any longer, so he or she may use Illinibucks to get front of the line for first come first serve contexts such as career fairs or “RSVP” situations. As I am a senior and now concerned with my career path after graduation, I would use my allocation of Illinibucks for the latter of these two examples. Gaining an advantage in first come first serve or “RSVP” contexts would benefit me far greater than in a priority based context where I already have and advantage due to my seniority.
Based on the two previous examples, it is interesting to note that the use of Illinibucks could change based on seniority. In other words, as students get older, reasons to use Illinibucks shift from gaining advantages in priority based contexts to gaining advantages in "RSVP" contexts. For example, a first year student may primarily use Illinibucks to reduce their disadvantage in a “seniority-effect” that comes with many priority basis contexts. A fourth year student may not feel the “seniority-effect” that comes with priority basis contexts any longer, so he or she may use Illinibucks to get front of the line for first come first serve contexts such as career fairs or “RSVP” situations. As I am a senior and now concerned with my career path after graduation, I would use my allocation of Illinibucks for the latter of these two examples. Gaining an advantage in first come first serve or “RSVP” contexts would benefit me far greater than in a priority based context where I already have and advantage due to my seniority.
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I liked how at the end you explained the demand for use would vary with seniority of the student. Surely that is right. For first year students going through the housing lottery, does the preference for the six-pack derive from the geography of the place, or that it is now a newly built facility? I have no feel for that
ReplyDeleteI also didn't quite understand your discussion of career fair booths. Don't people who are at the back of the line eventually move up to the front? If not, that part needed better explanation for me to understand what is going on.
But though I didn't quite get what situations beyond Career fairs have the RSVP aspect, I did understand that is your preference now, as is fitting with how close you are to graduate.