Article ID Journal Published Year Pages File Type
5058484 Economics Letters 2015 4 Pages PDF
Abstract

•This note axiomatically justifies a simple scoring rule for multiple-choice tests.•This rule is novel and simple.•It satisfies a few desirable properties that the standard scoring rule lacks.

This note axiomatically justifies a simple scoring rule for multiple-choice tests. The rule permits choosing any number, k, of available options and grants 1/k-th of the maximum score if one of the chosen options is correct, and zero otherwise. This rule satisfies a few desirable properties: simplicity of implementation, non-negative scores, discouragement of random guessing, and rewards for partial answers. This is a novel rule that has not been discussed or empirically tested in the literature.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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