In a multiple choice test environment, it’s pretty pointless to copy someone’s answers unless you happen to know they are very bright. And in CFA exams your seating is random so how could you know?
Once in first year college we had a minor in-class test in economics. Multiple choice. Held in a regular lecture theatre. Counted for maybe 10% of our semester’s grade max I’d say so the lecturer wasn’t fussy about following the usual exam procedures. You had to leave an empty seat either side of you, but because it was tiered seating I could see into maybe 3 or 4 people’s answer sheet.
After doing my best to complete the test, there were a few Qs I wasn’t sure of. So I look at my paper and picked 3 answers I knew I had right and then looked at the answer sheet of the students I could see. I figured I’d eliminate any time wasters who didn’t at least have the easy answers correct and then copy the remaining students’ answers for the harder ones. Guess what? Nobody that I could see had all the simple questions right. So I just had to give my best guess myself!
And for the record I never cheated or would think to cheat in the CFA exams (or actually in any test in school or college bar the above really). You are risking so much for very little potential gain.
I’m in a mechanics of solids class years ago, this can be quite a joy and made as difficult as wanted by the professor, think high level differential equations hard. The entire class cheated except two or three of us. Some how the the answers, complete with all derivations, to two problems of the three problem exam were circulated before the test. I ended up on the bottom of the curve. I confronted the professor, one of only two trips to office hours in my life. He commented how everybody did great on the first two problems, but bombed the third. He even mentioned how the variation of the grades were unusually tight. He agreed there must have been something untoward, but my grade and everybody else’s would stand as well. Learned a valuable lesson that day.
Fairness has very little to do with life, and I’d better get over it and start playing the game. I used to be somewhat of an idealist. You only end up hurting yourself and those that depend on you.
I recall having a discussion with another candidate who was trying to justify the use of performance-enhancing drugs on the CFA exams because they were readily available in his country and, after all, life isn’t fair.
It’s a stupid argument.
If there’s any lesson to be learned from your experience it’s that cheating needs to be exposed clearly so that the powers that be cannot ignore it, and that your integrity is worth more than the grade on an exam.