Suppose your professor informs you that the course will be graded on a curve so that no matter how well you know the material, only 40 percent of students will get As, 40 percent will get Bs, and the rest will get Cs. This means you must work hard in absolute terms and also relative to your classmates. Use an extensive form model to describe the likely progression of this scenario,

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4. Suppose your professor informs you that the course will be graded on a curve so that no
matter how well you know the material, only 40 percent of students will get As, 40 percent
will get Bs, and the rest will get Cs. This means you must work hard in absolute terms and
also relative to your classmates. Use an extensive form model to describe the likely
progression of this scenario.
Transcribed Image Text:4. Suppose your professor informs you that the course will be graded on a curve so that no matter how well you know the material, only 40 percent of students will get As, 40 percent will get Bs, and the rest will get Cs. This means you must work hard in absolute terms and also relative to your classmates. Use an extensive form model to describe the likely progression of this scenario.
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