Paul Milgrom Econ 490 Fall 2019

            As an update from last week,  I have begun to prewrite my blog posts a bit as I stated from my last post. I think this has proven quite beneficial as I find it easier to write now than getting stuck at writer’s block and was able to write a bit more than the 600 word limit.  Now on to this week’s blog.  There is a lot of potential income risk when it comes to making important decisions in my future, and it's imperative I make the right ones. I am currently majoring in Econometrics & Quantitative Economics. I think that this is a good field that will hopefully find me a good job working in data science and related areas like that.  I thought this major would be more beneficial than a sole Economics field as more and more companies demand data analysts, as I also particularly enjoy working with numbers.  After graduation, I would like to stay in the Chicago land area, as this is where my parents l...

I think that things like sporting event tickets would be a great way to use Illinibucks and the price would vary depending on the seating chart as it does with regular cash. So those buying in person would be able to get their desired seats quite quicker than others not spending their Illinibucks. This would work as sporting events are not a necessity to students so those who choose to go can freely use their bucks however, they choose without negatively affecting someone else.  I also believe that it can be used for dorm reservations when housing sign ups begin every fall. Students more willing to spend more of their bucks could get ahead in order to choose the nice and luxurious dorms versus the somewhat random process that it is now. We do not exactly get a firsthand pick in what we want and can often be assigned to dorms that we do not wish to live in. In that sense it could appear as more fair, as the students not willing to spend their bucks on housing can choose to spe...

The themes from all my posts are essentially writing about the organizations (I realize that it's the title of the class but for lack of a better term) and communities that I am a part of. To be a little more specific I talked about the fraternity that I was in or the group presentation project I did , which are all based around a common academic setting of some sort.  I guess this makes our posts a little personal to who we are as a person and give some insight to what kind of person and interests that we may have. Another example may be that transaction costs and the Illinibucks are somewhat similar as they're not actual monetary costs, but still have to do with how we interact with business and other organizations. I think my process for writing these posts have evolved quite a bit. I think I was quite unsure of what I wanted to write and how exactly I was going to write. Now that I think that I am a little more confident in my writing capabilities so I am not of afraid...