What is with the psychology of grade inflation where every student must be above average? “Several years ago, Harvard awarded ”honors” to 90 percent of its graduates. For its part, Princeton has disclosed that A’s have been given 47 percent of the time in recent years, up from 31 percent in the mid-1970’s. Perhaps grade inflation is most severe at the most elite colleges, where everyone is so far above average that the rules of the Caucus Race in ”Alice in Wonderland” apply: everybody has won, and all must have prizes.”