Grading exams: 100,99,98,... or A,B,C?
AbstractWe introduce grading into games of status. Each player chooses effort, producing a stochastic output or score. Utilities depend on the ranking of all the scores. By clustering scores into grades, the ranking is coarsened, and the incentives to work are changed. We apply games of status to grading exams. Our main conclusion is that if students care primarily about their status (relative rank) in class, they are often best motivated to work not by revealing their exact numerical exam scores (100,99,...,1), but instead by clumping them into coarse categories (A,B,C). When student abilities are disparate, the optimal absolute grading scheme is always coarse. Furthermore, it awards fewer A's than there are alpha-quality students, creating small elites. When students are homogeneous, we characterize optimal absolute grading schemes in terms of the stochastic dominance between student performances (when they shirk or work) on subintervals of scores, showing again why coarse grading may be advantageous. In both cases, we prove that absolute grading is better than grading on a curve, provided student scores are independent.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 69 (2010)
Issue (Month): 1 (May)
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Web page: http://www.elsevier.com/locate/inca/622836
Status Grading Incentives Education Exams;
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- Pradeep Dubey & Siddhartha Sahi, 2012. "The Allocation of a Prize (R)," Cowles Foundation Discussion Papers 1858, Cowles Foundation for Research in Economics, Yale University.
- Pradeep Dubey, 2012. "On the Role of Information in Contests," Department of Economics Working Papers 12-11, Stony Brook University, Department of Economics.
- Darren Grant & William Green, 2013. "Grades as incentives," Empirical Economics, Springer, vol. 44(3), pages 1563-1592, June.
- Pradeep Dubey & Siddhartha Sah, 2012. "The Allocation of a Prize (Expanded)," Department of Economics Working Papers 12-02, Stony Brook University, Department of Economics.
- Pradeep K. Dubey & Siddhartha Sahi, 2012. "The Allocation of a Prize," Levine's Working Paper Archive 786969000000000402, David K. Levine.
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