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But the challenge doesn't make sense, there isn't much risk, no fear of being known. Economic studies have covered this before, would you rather make $50k where
by sosuke 11y ago
But the challenge doesn't make sense, there isn't much risk, no fear of being known. Economic studies have covered this before, would you rather make $50k where everyone else makes $75k? or make $40k where everyone else makes $30k and people pick the latter because they want to have more than their peers. Everyone getting the same points doesn't change anything relative to those around me.
In a paper score, assuming 100, 2 to 6 points just doesn't mean much. 6 points is greater than 5, it could take me from 84 to 90! I'll go for the gusto and try for 6. 2 points just doesn't make any difference, and I wouldn't feel any better getting 2 points.
- hcurtiss 11y agoAgreed, but your assumption may not be correct.
- sosuke 11y agoYou're right I vaguely remember seeing a very wide range of top scores possible. From 25 - 200
- notahacker 11y agoTo pick up on the point about positional goods, everyone failing the class actually improves the ranking of [up to] half the classmates. If the points count towards some total score and there's some kind of calculation to normalize grades across the student population, everyone failing the class might actually bump up the overall grades of some of the weaker students in that class. Conversely, in this situation nobody benefits from everyone being awarded two additional points.