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What is the theory behing giving diff points ?

Per up/down vote on your answer:4 points.

Posting an Answer: 2 points

How were these points assigned ? Is there a logic behind these points ? Do people typically change  these points.

Please explain.

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I changed some of the points on my install, in particular the "multiply all points" I set to 1. I'm guessing most people make small changes but mostly keep the points the same.

I couldn't say exactly how the defaults were decided, but they were fairly sensible values based on gaining points for good questions and answers and losing points for incorrect answers etc.
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