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Rocco Caferra, Alessia Casamassima, Alessandro Cascavilla, Andrea Morone, Paola Tiranzoni

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This work aims to identify and quantify the biases behind the anomalous behavior of people when they deal with the Three Doors dilemma, which is a really simple but counterintuitive game. Carrying out an artefactual field experiment and proposing eight different treatments to isolate the anomalies, we provide new interesting experimental evidence on the reasons why subjects fail to take the optimal decision. According to the experimental results, we can quantify the size and the impact of three main biases that explain the anomalous behavior of participants: Bayesian updating, illusion of control, and status quo bias.

Rocco Caferra, Roberto Dell'Anno, Andrea Morone

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This paper aims to unmask the inadequacy of the review process of a sample of fee-charging journals in economics. We submitted a bait-manuscript to 104 academic economic journals to test whether there is a difference in the peer-review process between Article Processing Charges (APC) journals and Traditional journals which do not require a publication fee. The submitted bait-article was based on completely made-up data, with evident errors in terms of methodology, literature, reporting of results, and quality of language. Nevertheless, about half of the APC journals fell in the trap. Their editors accepted the article in the journals and required to pay the publication fee. We conclude that the Traditional model has a more effective incentive-mechanism in selecting articles, based on quality standards. Otherwise, we confirm that the so-called "Predatory Journals" - i.e. academic journals which accept papers without a quality check - exploit the APC scheme to increase their profits. They are also able to enter whitelists (e.g. Scopus, COPE). Accordingly, poor-quality articles published on APC journals shed the lights on the weakness of methodologies based on a mechanical inclusion of academic journals in scientific database indexes, succeeding in being considered for bibliometric evaluations of research institutions or scholars' productivity.