Do Students Behave Rationally in Multiple Choice Tests? Evidence from a Field Experiment

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María Paz Espinosa; Javier Gardeazabal;
  • Journal: Journal of Economics and Management,volume 9,issue 2 July,pages107-135
  • Subject: scoring rules, risk aversion, field experiment
    • jel: jel:D03 | jel:C93 | jel:D81

A disadvantage of multiple choice tests is that students have incentives to guess. To discourage guessing, it is common to use scoring rules that either penalize wrong answers or reward omissions. In psychometrics, penalty and reward scoring rules are considered equival... View more
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