The first thought that came to my mind when I thought about
the concept of Illinibucks was Illini Cash. Illini Cash is a convenient way for
students at UIUC to make purchases through their I-card instead of cash or
debit card. Illini Cash is accepted in various locations such as dining halls,
campus recreation, restaurants specifically located on campus, and printing
stations. However, in contrast to Illinibucks, the campus would not have to
administer a pre-specified price because it would hold the same value as actual
money.
Having to set a specific value on cutting in line, I had
trouble thinking of a way to appropriately analyze the price of Illinibucks. With
that being said, ways that Illinibucks could be used would be cutting in line
for dining halls, room at libraries, career fair, sporting events, and
registering for classes. One way that I thought about analyzing the prices was
to administer surveys. In the survey students would be asked how they would use
Illinibucks and how often they would use it. However, I felt that this was
somewhat unrealistic because not many students would know how they would practically
use Illinibucks and their guesses on the surveys would not serve as an accurate
way to set prices and would be too costly. Another way that prices could be
analyzed would be through having a “trial period” for Illinibucks. For a
certain period of time, a set amount of Illinibucks will be given to all the
students and we can keep track of where and how often they use their
Illinibucks.
When setting the prices, balance is crucial in that we want
the students be motivated to spend the Illinibucks while not making it
accessible. If the prices were set too low, there would be no need for
Illinibucks. Too many students would utilize it because demands would far
outweigh the supply and there would essentially be another first come first
serve situation. If the prices were set too high, not many students would be
able to utilize it and many services would remain in the same first come first
serve situation.
Personally, I would utilize Illinibucks towards educational
purposes, specifically to sign up for classes. Being an incoming second
semester Junior, there are a lot of classes I need and want to take before
graduating. Being able to use Illinibucks would not only save a lot of time but
allow me to maximize my education at UIUC as I’m not constrained to only take
certain classes because of the capacity. Another way I would use Illinibucks
would be at lines in career fairs. At the career fair, the more well-known
companies have a long line and many times, I don’t end up having the time to
speak to recruiters from all the companies I wanted to go to. Through
Illinibucks, I will be able to maximize my time at the career fair and allow me
to build the necessary connections to obtain a job in the future.
However, I know that different students have different
preferences and not all students would want or need to use their Illinibucks
towards their education. I could see many students using their Illinibucks
towards recreational activities such as sporting events or music events. This
would benefit the students in that there would be shorter waiting time and they
would be able to get the seats that they want. In addition, Illinibucks would
be very convenient for students who are in a rush as it can be used to cut in
lines for dining halls and rooms for libraries.
Overall, I think that Illinibucks is a great and convenient idea,
but it would be harder to administer a set price for it.