Strategic Omission and Risk Aversion : A Bias-Reliability Tradeoff / David Lang.
Whether high-stakes exams such as the SAT or College Board AP exams should penalize incorrect answers is a controversial question. In this paper, we document that penalty functions can have differential effects depending on a student's risk tolerance. Moreover, literature shows that risk aversi...
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| Format: | eBook |
| Language: | English |
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2019.
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