This paper studies the optimal scoring of multiple choice tests in which the marks for wrong selection and omission jointly minimize the mean square difference between score and examinees' ability. I find that it is efficient to incentivize the lowest able to omit, except when the test has a...

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. These scoring rules are considered equivalent in psychometrics, although experimental evidence has...

In the wake of the global financial crisis of 2008, the greatest economic disaster since the Great Depression, the cover story of the July 18th 2009 issue of The Economist, entitled “What went wrong with economics,” opened with an unequivocally incriminating statement: “Of all the economic...

Without advanced educational research, development will not occur and only technologically educated people can command the skills necessary for sustainable growth and development. However, the current generations of university postgraduate students are ushering in a new paradigm for research....

With the changing blueprint of responsibility in management education, institutions of higher education are becoming more and more focused on performing well beside a growing number of metrics. Many used as alternative measures to specify value of educational experience, amongst the most common...

Nobody could have known it at the time, but when Rex Stout's novella Justice Ends at Home was published in 1915, it foreshadowed not only the rise of two enduringly popular fictional heroes (Nero Wolfe and Archie Goodwin), but also the fall of one enduringly objectionable actual villain (Judge...