Thursday, August 12, 2010

Wanna bet?

Michigan students can now gamble on their grades.

So, let's see. A professor, maybe a lecturer on annual contracts or, even better, a visitor who does not plan to return, sends an email out to all of his or her students before class starts offering to give them an A so long as they make the bet and share the winnings.

Moral hazard anyone?

I don't think I'd bet on the long term survival of this firm.

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