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Bidding Times

Thursday, September 29, 2005

WOW… the campus is vibrant… haven’t seen so many people exited for a long time here… has the placement season started? Nope.. it’s the elective bidding season!... We have 4 elective terms and a minimum of 16 and a maximum of 18 electives to do… Some who are already doing the ELP or the Paev have to count them as part of their electives. We have 4000 bidding points allocated to each person which we use to bid for courses in each term. The highest number of bids according to the number of seats available get the courses allocated to them and the minimum bid amount is deducted from their kitty of 4000 for the year. The deadline for the 5th term bidding was today afternoon and we got our results in the evening. This would have been a simple process if everyone had done their bids with a non-disclosure policy… but when was life simple? Lots of strategies and game theories were discussed and groups of people were even seen for hours in the atrium, breaking their heads about the bid amounts. End result – some have got what they wanted, some have lost a lot of points, some have got a few of their choices and there are some who haven’t got any of their choices, but have a lot of bid amount left!

On my part, I am proud to say that I am one of the first (could be the first) to complete my bidding process. I logged into the system only once and clicked on the submit button on Sunday afternoon, followed the bid-non-disclosure-policy and didn’t log into the system again. If one gets all the courses he/she wanted, they lose a lot more points than the others… there is a trade-off… so no one wins completely. Hope there is lesser frenzy about this whole process from the next term.

Other than the bidding, there have been a lot of assignments in the past couple of days after the midterm on Friday. One of the assignments was a culture assessment for the course MO. I did an assessment of the Finance Club culture and interviewed a couple of people in the core committee along with the club president. I liked the interview process I went through (This was the first time I ever interviewed people) and got to know varying view points about the same issues. For once, I enjoyed doing MO :-)

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