Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 24-27 |
| Number of pages | 4 |
| Journal | Economics Letters |
| Volume | 132 |
| DOIs | |
| Publication status | Published - 1 Jul 2015 |
Keywords
- Axiomatic approach
- Multiple-choice test
- Scoring rules
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