Formula Scoring Reconsidered

Ellen Sewell
Additional contact information
Ellen Sewell: Department of Economics, The University of North Carolina at Charlotte

Eastern Economic Journal, 2017, vol. 43, issue 4, No 9, 715-726

Abstract: Abstract The primary purpose of this study is to align the expectations of economists with much of the empirical evidence and explain why risk-averse students with partial knowledge might have exhibited behavior consistent with risk neutrality when faced with a penalty for guessing on a multiple choice exam. A target or threshold score was introduced and it was found to induce subjects in an experimental setting to adopt less risk-averse behavior. The impact of past coaching in preparation for tests with a penalty for guessing was also investigated but found to have little effect.

Keywords: formula scoring; penalty for guessing; threshold score; A29; D81; C91 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/eej.2016.1 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:easeco:v:43:y:2017:i:4:d:10.1057_eej.2016.1

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41302

DOI: 10.1057/eej.2016.1

Access Statistics for this article

Eastern Economic Journal is currently edited by Allan Zebedee and Cynthia Bansak

More articles in Eastern Economic Journal from Palgrave Macmillan, Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().