Multiple Choice Questions for Quants?

Lately, I’ve been wondering about the efficacy of multiple choice exams in quantitative disciplines, like operations management, calculus, finance, etc., and discovered this little study that GarcĂ­a Cruz and Garret presented at the 2006 International Conference on Teaching Statistics in Brazil (link to proceeding). Using a combination of multiple-choice and open-ended questions about descriptive statistics, they found, “that many students who choose the correct answers in multiple-choice questions were completely unable to demonstrate any reasonable method of solving related open questions.” Food for thought.

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