When evaluating language models on human exams, benchmarks typically score each response as right or wrong and report the overall accuracy. This approach assumes that partial knowledge is worth proportional credit, an assumption that fails when an examination uses a non-additive grading scheme. The 2025 reform of Vietnam's National High School Graduation Examination demonstrates the cost of this substitution. In Part II of the exam, candidates evaluate four true/false statements per question. The grading is convex: the number of correct statements earns 0, 0.10, 0.25, 0.50, or 1.00 points. Identifying three statements correctly pays 0.50 points, not the 0.75 points that standard accuracy metrics would award. Because Part II accounts for 4.00 of the exam's 10.00 points, reporting accuracy inflates the score by rewarding partial knowledge that the state explicitly penalizes. We introduce THPT-Ladder, a benchmark of 632 items from 21 official exams across 11 subjects, graded exactly as the ministry grades its students. The ministry publishes the marks of over a million candidates, allowing us to place models directly into the human cohort. Across eight models, the official rubric pays 0.020 to 0.159 points less per Part II question than proportional credit. This shortfall changes a model's apparent competence. For Qwen3.5-27B on the 2025 History exam, a 0.042-point shortfall drops its standing from the 90th to the 77th percentile among 481,293 candidates. A model's accuracy does not predict this penalty. At Claude Sonnet 5's accuracy level, different distributions of errors yield scores varying from 0.869 to 0.932 points per question. Official marks depend on how correct statements are grouped, meaning standard benchmarks report a competence the institution would not certify.
GAUGE is introduced, a benchmark for evaluating agent-built valuation models against observed analyst practice rather than a single point answer, and current agents are substantially stronger at model construction than valuation judgment.
Observed standardized test scores are the result of an endogenous process: students strategically allocate effort across multiple retake attempts to improve their outcomes. Because students differ in their ability to make these investments, the interaction between applicant strategy and institutional scoring rules---su...
Christine Ling, Diptangshu Sen, Juba Ziani· arXiv.org· 0 citations
We examine whether the accounting importance of a favorable tax claim maps into cash realization. Brazil's Tema 69 excluded ICMS from the federal PIS/Cofins base and generated recoveries with heterogeneous legal, accounting, and administrative paths. Hand-verified disclosures show 13 high-confidence gross pre-tax rows...
Vanessa Janiszewski· Brazilian Journal of Busines...· 0 citations
Shariah-compliant equity screening provides a transparent setting in which institutional rules determine who may own a stock. A binary label identifies current eligibility but not whether the feasible investor base is fragmented across standards or close to changing. We define this instability as classification uncerta...
Abdulrahman Qadi, A. Sharma, Francesca Medda· 0 citations
Studies of association-football forecasting routinely report three-way accuracy in the low fifties and present it as competitive with the betting market. Accuracy against a uniform benchmark answers the wrong question; the question worth asking is whether a model carries information a margin-free closing price has not...
Machine-learning networks can learn without detailed instructions from a designer. Those that do may offer insight into how the brain reorganizes itself during learning.
With $2.1 million funding from Google.org, the open-source Public Transit Intelligence Hub will unify public transit monitoring, operations, and passenger communication.