Prospect theory analysis of guessing in
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Yoella Bereby-Meyer; Joachim Meyer; Oded M. Flascher
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Article
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2002
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John Wiley and Sons
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English
β 117 KB
π 1 views
## Abstract The guessing of answers in multiple choice tests adds random error to the variance of the test scores, lowering their reliability. Formula scoring rules that penalize for wrong guesses are frequently used to solve this problem. This paper uses prospect theory to analyze scoring rules fr