Thursday, September 20, 2007

Hey all,

I am proud to announce that I have come out with a concept of how to curb slackers from slacking in any projects and thus allow everyone to do work in a fair manner. This is known as the slacking credit cap-and-trade system.

First, everyone in the class will start off with 20 slacking credits. Slacking credits will entitle one to slack for a given amount of time which fluctuates with the value of slacking credits in the class cap-and-trade system.

Next, inflation must come in. Without tight regulation of the slacking credit trading system, the value of the slacking credit will rise quickly. Therefore, the value of the slacking credit should not exceed an inflation rate of more than 30% per week.

A demand-and-supply issue for the slacking credit system is critical. In weeks with loads of tests, there will be an anticipated major selldown in slacking credits as everyone will want to revise for their tests and quizzes. Therefore, the supply goes up while demand goes down. This will decrease the value of the slacking credit. For example, 100 slacking credits can be used to exempt one to do a SECTION of the report ONLY; during a major selldown, the amount of slacking credits needed will be more than 200. When demand goes up, when everyone starts earning their slacking credits by working a lot for projects, the supply goes down and the value of the slacking credits will increase.

This will allow to serve as a curb on the slacking period each group member can slack for.

Now, how to earn/spend slacking credits?
Basically, the price is currently pegged at 100 slacking credits to exempt yourself from cleaning up the lab tables; 200 for exemption to do a report.

By doing reports and doing practicals, you will be able to earn slacking credits which you can use later.

When one has no slacking credits at all, peer review will then be taken into effect. This is to allow a fair judgement and evaluation of the peer evaluation.

Thank you,
Bryce

7:42 PM

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