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Grade‐Risk: An Insurable Event in the Classroom

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  • Nat Pope
  • Yu‐Luen Ma

Abstract

Grade‐risk provides a powerful ally in establishing relevance between course content and the lives of students. As used in this article, grade‐risk refers to the potential for the loss of points on examinations, quizzes, etc. This article describes the rationale and feasibility associated with the introduction of a student‐centered grade insurance project that provides some measure of protection against grade‐risk. The project engages students on multiple levels and in various capacities resulting in a significantly enriched learning experience. The authors include examples employed in their own classroom in demonstrating the feasibility and validity of grade insurance as a learning tool.

Suggested Citation

  • Nat Pope & Yu‐Luen Ma, 2004. "Grade‐Risk: An Insurable Event in the Classroom," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 7(2), pages 189-196, September.
    • Handle: RePEc:bla:rmgtin:v:7:y:2004:i:2:p:189-196
    DOI: j.1098-1616.2004.00045.x
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    References listed on IDEAS

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    1. Harry Markowitz, 1952. "The Utility of Wealth," Journal of Political Economy, University of Chicago Press, vol. 60(2), pages 151-151.
    2. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, vol. 56(4), pages 279-279.
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    Cited by:

    1. Kevin C. Ahlgrim & James R. Jones, 2014. "Insurance Rating Games: Strikes, Spares, and Bags," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(2), pages 297-313, September.

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