An extensive database of exam scores is studied to determine the effects of a grading policy that drops the lowest exam score. We find evidence that students "satisfice" and show how a large percentage of students passed up an expected improvement in their course grade. We find the probability a...

This study examines the growth of seasonal (i.e., second or vacation) homes and their impact on local property tax rates using evidence from towns and villages in New York State between 1990 and 2000. We find that a greater concentration of seasonal homes in a municipality is associated with a...