Minimal Risk

riskmgmt

Reviewing my notes I discovered a delightful article by Fernando Trias de Bes from December 8, 2013 in the Spanish newspaper La Vanguardia. With his sharp pen, he points out the interesting way that multiple choice tests are frequently scored. I quote the opening paragraph: «Test exam. The teacher hands out the paper and tells the students: Remember, the wrong answers lower your scores«.

Of course there is a trend to make less mistakes when they cost points. And one of the most effective alternatives is to take less risk.

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