Corpus ID: 236957214

Grade Inflation and Stunted Effort in a Curved Economics Course

  title={Grade Inflation and Stunted Effort in a Curved Economics Course},
  author={Alex Garivaltis},
To protect his teaching evaluations, an economics professor uses the following exam curve: if the class average falls below a known target,m, then all students will receive an equal number of free points so as to bring the mean up tom. If the average is abovem then there is no curve; curved grades above 100%will never be truncated to 100% in the gradebook. The n students in the course all haveCobb-Douglas preferences over the grade-leisure plane; effort corresponds exactly to earned (uncurved… Expand


This chapter focuses on the motivations, objectives, and decisions of the producer. A producer's primary aim is to produce and sell the goods, services, and make profits. In economics terminology,Expand
Supermodular Games
These notes develop the theory of supermodular games. Supermodular games are those characterized by “strategic complementarities” – roughly, this means that when one player takes a higher action, theExpand
Multimarket Oligopoly: Strategic Substitutes and Complements
A firm's actions in one market can change competitors' strategies in a second market by affecting its own marginal costs in that other market. Whether the action provides costs or benefits in theExpand
A Social Equilibrium Existence Theorem*
  • Gerard Debreu
  • Computer Science, Medicine
  • Proceedings of the National Academy of Sciences
  • 1952
The existence theorem presented here gives general conditions under which there is for such a social system an equilibrium, i.e., a situation where the action of every agent belongs to his restricting subset and no agent has incentive to choose another action. Expand
A Course in Game Theory
A Course in Game Theory presents the main ideas of game theory at a level suitable for graduate students and advanced undergraduates, emphasizing the theory's foundations and interpretations of itsExpand
Non-cooperative games
Non-cooperative game models are described and game theoretic solution concepts are discussed, as well as refinements and relaxations of rationalizability and correlated equilibria. Expand
Monotone Comparative Statics
The authors derive a necessary and sufficient condition for the solution set of an optimization problem to be monotonic in the parameters of the problem. In addition, they develop practical methodsExpand
Game theory.
  • M. Dufwenberg
  • Psychology, Medicine
  • Wiley interdisciplinary reviews. Cognitive science
  • 2011
The nature of game-theoretic analysis, the history of game theory,Why game theory is useful for understanding human psychology, and why game theory has played a key role in the recent explosion of interest in the field of behavioral economics are discussed. Expand
A First Course In Calculus
1. A lattice-theoretical fixpoint theorem. In this section we formulate and prove an elementary fixpoint theorem which holds in arbitrary complete lattices. In the following sections we give variousExpand