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Recently, Multistage Adaptive Testing (MST) has been adopted by numerous large-scale testing/assessment programs including GRE and PISA. Most current MST methods were developed as extensions of Luecht and Nungester (1998), in which the test booklets are optimized at a few fixed trait values (e.g., -1, 0, and 1), instead of any point in the continuum of the latent trait. As a result, MST may yield more biased estimators in comparison with computerized adaptive testing (CAT). The objective of the study is to incorporate an on-the-fly mechanism into MST to provide some unique advantages over both CAT and MST. A pilot simulation study based on PISA data demonstrated that the new method outperformed MST regarding estimation accuracy and item pool usage.