I searched and found nothing so… How does the scoring work regarding double jeopardy questions? I just finished Schweser V1 Exam 2am and there is a question that requires you to compute the required return and a subsequent question that requires you to identify the correct corner portfolios, weights and standard deviation. If you get the required return wrong you are going to get the entire second question wrong. Will you get partial credit if all the calculations/methods are right in the second part and only wrong due to the wrong answer in the first part?
Not sure, but I do remember reading on the CFAI site that double jeopardy is unavoidable at L3.
Yeah, I read the same thing. Granted it’s Schweser, but what scared me about this was that the first question was worth 6 points and then the next 12 points were reliant upon getting the first 6 right. 0/18 is a scary proposition. I have to think they offer partial credit, but I’m not sure either.
its been explained to me that if you show your work and set the problem up correctly that you will recieve some credit, because you have at least demonstrated that you conceptually understand where they want you to go. So if you show work on the first problem, and lets say you forget an input, you get some credit. Then on the next question, same thing, although you will miss plenty of points for not having the answer. So the moral is: show your work!!
budfox427 Wrote: ------------------------------------------------------- > its been explained to me that if you show your > work and set the problem up correctly that you > will recieve some credit, because you have at > least demonstrated that you conceptually > understand where they want you to go. > > So if you show work on the first problem, and lets > say you forget an input, you get some credit. > Then on the next question, same thing, although > you will miss plenty of points for not having the > answer. > > So the moral is: show your work!! Yup, this is probably true, but in the case of a corner portfolio question, if you screw up the required return you might just be pulling your hair out trying to get through the rest of the question…speaking from experience. 2008 Exam Question 4.
Imagine losing out on an entire corner portfolio question because you calculated an additive required return instead of a geometric one…
Famosa - thats not going to happen, EITHER arithemetic or Geometic can be used.
I’ve seen examples now in the CFAI sample and end of chapter questions where additive returns would not get you a correct answer…seems unlikely to happen on 6/6, but still.
if you use additive or geometric still should be valid since they say you can use either!
I think you should use additive for single-period models (most MVO) and geometric for multi-period models (IPS). Seen anything different?