> A "rebellious" person would see the merit in both and essentially coin toss.
Perhaps a smart person is a rebel roleplaying as a conformist. In a game theoretic sense you get the most advantage without the penalty. It is one explanation I suspected but haven't seen for why contradictory traits might be expressed by somebody in or close to power.
> A conformist would mimic what the professor sees and pick his right one.
Less Wrong calls this 'Guessing the teacher's password'.
It's the art of mimicry. That there is no penalty for this in the education system is an indictment.
> Often it's a D student who knows the material the best
Even most A students will agree with you. There is an argument made by Alfie Kohn that grades should be abolished.
http://www.youtube.com/watch?v=lfRALeA3mdU