What finance faculty told us at FEA: AI is upending assessment, and tension with administrators is rising.
Last week, Dan and I spent three days in San Antonio at the Financial Education Association conference. We expected papers on innovative teaching, some solid cases, and, now that AI is here, plenty of talk about cheating. The presentations were great, but the biggest lessons came from conversations over coffee between sessions.
Here’s what we learned...
Publisher quizzes no longer measure learning. AI can answer these questions reliably in seconds, and it’s driving grade inflation. So why are they still in use? Replacing them is a big lift, and most instructors don’t have time to build their own AI-resistant assessments. Administrators haven’t offered workable solutions, and publishers and ed tech companies have yet to offer scalable alternatives.
Instructors are vibe-coding their own tools. Several instructors who’ve moved away from online quizzes are building their own assessment tools: Excel plugins, AI chatbots, and even a tool that asks students questions out loud and grades their spoken answers with AI. Some were impressive, but I left worried about student data. As one instructor put it, “No one should be risking a lawsuit over this!”