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  2. Multiple choice - Wikipedia

    en.wikipedia.org/wiki/Multiple_choice

    Multiple choice questions lend themselves to the development of objective assessment items, but without author training, questions can be subjective in nature. Because this style of test does not require a teacher to interpret answers, test-takers are graded purely on their selections, creating a lower likelihood of teacher bias in the results ...

  3. Response bias - Wikipedia

    en.wikipedia.org/wiki/Response_bias

    Acquiescence bias, which is also referred to as "yea-saying", is a category of response bias in which respondents to a survey have a tendency to agree with all the questions in a measure. [ 14 ] [ 15 ] This bias in responding may represent a form of dishonest reporting because the participant automatically endorses any statements, even if the ...

  4. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  5. Free response question - Wikipedia

    en.wikipedia.org/wiki/Free_response_question

    Free response tests are a relatively effective test of higher-level reasoning, as the format requires test-takers to provide more of their reasoning in the answer than multiple choice questions. [4] Students, however, report higher levels of anxiety when taking essay questions as compared to short-response or multiple choice exams.

  6. Bias (statistics) - Wikipedia

    en.wikipedia.org/wiki/Bias_(statistics)

    In educational measurement, bias is defined as "Systematic errors in test content, test administration, and/or scoring procedures that can cause some test takers to get either lower or higher scores than their true ability would merit." [16] The source of the bias is irrelevant to the trait the test is intended to measure.

  7. Bias of an estimator - Wikipedia

    en.wikipedia.org/wiki/Bias_of_an_estimator

    Bias is a distinct concept from consistency: consistent estimators converge in probability to the true value of the parameter, but may be biased or unbiased (see bias versus consistency for more). All else being equal, an unbiased estimator is preferable to a biased estimator, although in practice, biased estimators (with generally small bias ...

  8. Freedom of choice - Wikipedia

    en.wikipedia.org/wiki/Freedom_of_choice

    The freedom of choice on which brand and flavor of soda to buy is related to market competition.. In microeconomics, freedom of choice is the freedom of economic agents to allocate their resources (such as goods, services, or assets) as they see fit, among the options that are available to them.

  9. Planning fallacy - Wikipedia

    en.wikipedia.org/wiki/Planning_fallacy

    [6] [7] In 2003, Lovallo and Kahneman proposed an expanded definition as the tendency to underestimate the time, costs, and risks of future actions and at the same time overestimate the benefits of the same actions. According to this definition, the planning fallacy results in not only time overruns, but also cost overruns and benefit ...

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