Gaming an A Feb 17 2013

Some more real life game theory application as a group of college students exposed a loophole in the scoring for their class. When told that the top score on their exam would get an A, with everyone else graded on a curve adjusted behind the highest score, they decided unanimously to boycott the exam. By all getting the joint top score of 0, they were each awarded an A!

More details over on the NYT Economix blog, but it just shows how knowing a bit of basic game theory and being logical can pay off!