The first part of the activity was establishing what decision would be made, which in this case is “who will be given the chocolate bar?” This was followed by the question, “how will we decide who will we give the chocolate bar to?” At that question, each table group was to think of several different ways that we could decide who to give the chocolate bar to. The groups eventually compiled a list of possible ways to decide who to give the chocolate, and from that list, we started narrowing down each alternative. When we had five different alternatives; playing chubby bunny, Who’s laptop’s battery had the highest percentage, who has been at CA the longest, who has the longest commute, and who can speak the most languages. We decided to finish the decision using criteria to help decide which method would be best. Four criteria were decided; A fair chance, whether it would be fun, honest and easy to measure, and not skill based. The path that this method lead to was to play Chubby Bunny. The final step was to play Chubby Bunny to determine who would claim the chocolate.

This activity ties with the concepts that we discussed during class. These concepts include scarcity, meaning that there is an insufficient amount of a resource to meet the demand. In this case, the chocolate is scarce, because there is only one bar, while there many students who would want it. The part of the activity that involved choosing the alternative to follow, demonstrated Economic Reasoning, Trade-offs, and the P.A.C.E.D. method of making decisions. P.A.C.E.D. means Problem, Alternatives, Criteria, Evaluate, & Decision. The problem was that we had to figure out who to give the chocolate. The alternatives were the possible methods we could use to decide who to give the chocolate. One possible alternative was to allocate the chocolate, or distribute it equally to each student. Appropriate criteria were chosen to evaluate each alternative. Economic reasoning was used to evaluate the criteria and possible alternatives. Economic reasoning is to analyze the cost and benefits for each alternative, in order to make the best and rational choice. The final decision was to play Chubby Bunny. The trade-off in this situation was that we would have to play Chubby Bunny instead of using one of the other methods to decide who gets the chocolate.

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