Results released after 7/5

[tude]

Originally Posted by Darkness Falls

Not saying experience doesn't help, but at the same time the FCAS that have less than 7 years experience (unless you meant 7+ as a Fellow and not total) probably did well on the exams. Seems like to me if you can study well you can write good questions too, I know I always did during my own prep.

wrong

[oblivious]

Originally Posted by Darkness Falls

Not saying experience doesn't help, but at the same time the FCAS that have less than 7 years experience (unless you meant 7+ as a Fellow and not total) probably did well on the exams. Seems like to me if you can study well you can write good questions too, I know I always did during my own prep.

I don't think the answer to that one would be a yes/no. Potentially and more likely, probably. I think you get into that problem that Bruce described where the questions are "easy" questions to the writers, but tend to always be more difficult and confusing than the writers intended them to be.

I would compare it to coaching, the best players in the game are usually always terrible coaches. They understood things with such ease that they usually have a difficult time teaching/coming up with ways to make the team better.

I think what I'm saying is that the best writers of exams are often the best communicators which typically does not correlate with book smart people. I'm not saying this is always the case, just often. The most accomplished research professor is usually not the best at teaching and testing.

[Darkness Falls]

That's actually a very valid point. Still it is volunteer work and at some point you have to pick your poison, could be even worse if there were less people running the exams. At the moment even if some of the graders are inexperienced at least there's motivation to do create a good exam process.

[ObjectivelyBiased]

Originally Posted by Darkness Falls

That's actually a very valid point. Still it is volunteer work and at some point you have to pick your poison, could be even worse if there were less people running the exams. At the moment even if some of the graders are inexperienced at least there's motivation to do create a good exam process.

That always seems to be the fall back - volunteer process, and the issues therein. Why is it still volunteer? Again, many people would pay more to have paid people work the entire exam process.

Further - CFA charges you to appeal.
Why not have a cost to appeal? This would discourage frivolity, and would also allow for more thorough responses on legitimate appeals. CAS intentionally puts out volunteers, and then has their built-in excuse when the process takes too long.

[mrdomer07]

This wait for results is too long... its eerily quiet on the boards lately

[tude]

flood gates will open on d-day

[Westley]

Originally Posted by FourKicks

i am surprised that people who are so close to passing don't bother to appeal the questions themselves.

True or False: According to Chapter 5 of Bodie, Kane, and Marcus, the main reasons people do not try to actively improve their results are 1) there is cost associated with doing so doing so, in time or money or both, and 2) the benefits of being a free rider, because others are doing analysis and work that they can benefit from without the effort.

Answer:

Spoiler:

False, this is not addressed at all in Chapter 5

[Heywood J]

Originally Posted by Westley

True or False: According to Chapter 5 of Bodie, Kane, and Marcus, the main reasons people do not try to actively improve their results are 1) there is cost associated with doing so doing so, in time or money or both, and 2) the benefits of being a free rider, because others are doing analysis and work that they can benefit from without the effort.

Answer:

Spoiler:

False, this is not addressed at all in Chapter 5

[BrunoB]

Active pass management vs Passive fail management