期刊名称:Discussion Papers in Economics / Manchester Metropolitan University
出版年度:2005
卷号:2005
出版社:Manchester Metropolitan University
摘要:Examination marking is often inaccurate. This inaccuracy is shown to be structurally different from the classical approach to errors in variables. Many economic problems can be analyzed within this generic “ teacher-student” framework where grading errors are the central feature. Examples are submission to a peer reviewed journal, the job market, loans, crime, the market for lemons and matching problems such as marriage. Students decide whether to have their examinations graded based on a rational assessment of the costs and expected benefits. This decision takes into account the teacher’s ability to grade accurately in addition to student assessment of the true grade.