The currency on campus

My article on the behavioural economics of grades is out, and it’s the cover story this month in University Affairs magazine!

I had a blast doing interviews for this story. I tried to pick profs with a reputation for being great teachers in classes that are popular despite being tough. I learned a ton talking to them, but I have to say I was disappointed that I couldn’t take this story further. I was hoping for something more conclusive about how behavioural economics could be applied to grades. We know that humans aren’t particularly rational when it comes to incentives, and grades perform a dual feedback/incentive role – and yet we have no idea how students respond to grading schemes, or whether some of the most common practices might be entirely counterproductive. In the end, I think the incentive effect of grades is something that we should be studying experimentally.