Hit or Miss? Test Taking Behavior in Multiple Choice Exams

Pelin Akyol, James Key and Kala Krishna ()

No 22401, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We model and estimate the decision to answer questions in multiple choice tests with negative marking. Our focus is on the trade-off between precision and fairness. Negative marking reduces guessing, thereby increasing accuracy considerably. However, it reduces the expected score of the more risk averse, discriminating against them. Using data from the Turkish University Entrance Exam, we find that students' attitudes towards risk differ according to their gender and ability. Women and those with high ability are significantly more risk averse: nevertheless, the impact on scores of such differences is small, making a case for negative marking.

JEL-codes: C11 D61 I21 J24 (search for similar items in EconPapers)
Date: 2016-07
New Economics Papers: this item is included in nep-edu and nep-upt
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Citations: View citations in EconPapers (16)

Published as Akyol & Key & Krishna, 2022. "HIT OR MISS? TEST TAKING BEHAVIOR IN MULTIPLE CHOICE EXAMS," Annals of Economics and Statistics, .

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