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Bo102010 comments on Defeating Ugh Fields In Practice - Less Wrong
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This reminds me of a thought I had before:
University costs thousands. Imagine that you received, along with your exam marks, $1 per % for your average grade.
It's meaningless, really, compared to the value of the degree, but... it feels like you're getting something real for that work. You're directly receiving money, rather than earning the chance to earn it in the future.
Hell, you could even use this as a replacement for merit-based partial subsidies (though not for fully free education). Everybody pays 1000 at the beginning of the academic year, then over time they 'earn' back a percentage proportional to their grades, eg. 60% or so for a straight-A student.
I like this idea too, but I suspect it would be quickly hijacked - it's easier to bug your instructor until she lets you have a better grade than to study. Ask most "tough graders" how their student reviews compare to "easy graders."
I always hated those assessments that weren't marked anonymously!