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CFA Exams - Options/distractors are reduced from 4 to 3 (Discussion)

honeykhattar said – Wed, 17 Sep 2008 11:35:55 -0000 ( Link )

I believe that though the answer options will be reduced from 4 to 3 from 2009 CFA exam onwards. But I think the instructors will bring more complexity in the given number of choices. Now the odds of getting the answer right (33%) is higher; it may have impact on overall passing percentage which tends to increase.

Do you think, is it a wise decision by CFA

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  1. rkmittal said – Thu, 18 Sep 2008 08:08:43 -0000 ( Link )

    In case of fewer answer options, the guess work would be that much easier. I think 4-5 options is the pretty standard format across most of the different kinds of exams.

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  2. honeykhattar said – Thu, 18 Sep 2008 08:52:06 -0000 ( Link )

    Yes, you are right rkMittal. The standard practice is to have 4 or more options. But CFA has announced that they plan to have 3 options from next year. It may encourage guessing practice among the learners. Therefore even i don’t completely agree with their decision.

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  3. aronfitz said – Sat, 22 Nov 2008 20:24:28 -0000 ( Link )

    Fewer choices will help those who “game” the exam. Not a good move in my opinion.

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  4. amitag25 said – Wed, 03 Dec 2008 08:20:50 -0000 ( Link )

    I too agree but lets see how CFA Institute plays this 4 to 3 strategy. They surely are smart guys.

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  5. amitag25 said – Wed, 03 Dec 2008 08:20:51 -0000 ( Link )

    I too agree but lets see how CFA Institute plays this 4 to 3 strategy. They surely are smart guys.

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