This theory of individual choice does not assume that people are selfish, or materialistic, or shortsighted, or irresponsible, or interested exclusively in money. Some individuals, for example, may derive enormous satisfaction from helping others. This application suggests that all social phenomena emerge from the choices individuals make in response to the expected benefits and costs to themselves. Homework One of the most constructive features of courses like this in the past has been homework. Homework reinforces your knowledge of the course by putting it to immediate use, it helps keep everybody up with the readings, it gives you examples of the kinds of questions I am likely to ask on exams, and it gives me useful feedback from you.
Late homework is accepted.
However, the cost to you of choosing to submit homework late is 10 percentage points each day.