nep-sog New Economics Papers
on Sociology of Economics
Issue of 2022‒11‒21
two papers chosen by
Jonas Holmström
Axventure AB

  1. Nobel and Novice: Author Prominence Affects Peer Review By Jurgen Huber; Sabiou M. Inoua; Rudolf Kerschbamer; Christian Konig-Kersting; Stefan Palan; Vernon L. Smith
  2. Policy Advice of Economic Experts: Facts or Preferences? By Gründler, Klaus; Potrafke, Niklas

  1. By: Jurgen Huber (University of Innsbruck); Sabiou M. Inoua (Chapman University); Rudolf Kerschbamer (University of Innsbruck); Christian Konig-Kersting (University of Innsbruck); Stefan Palan (University of Graz); Vernon L. Smith (Chapman University)
    Abstract: Peer-review is a well-established cornerstone of the scientific process, yet it is not immune to biases like the status bias, which we explore in this paper. Merton described this bias as prominent researchers getting disproportionately great credit for their contribution while relatively unknown researchers getting disproportionately little credit (1). We measured the extent of this bias in the peer-review process through a pre-registered field experiment. We invited more than 3,300 researchers to review a finance research paper jointly written by a prominent author (a Nobel laureate) and by a relatively unknown author (an early-career research associate) varying whether reviewers saw the prominent author’s name, an anonymized version of the paper, or the less well-known author’s name. We found strong evidence for the status bias: more of the invited researchers accepted to review the paper when the prominent name was shown, and while only 23 percent recommended “reject†when the prominent researcher was the only author shown, 48 percent did so when the paper was anonymized, and 65 percent did when the little-known author was the only author shown. Our findings complement and extend earlier results on double-anonymized vs. single-anonymized review (2–10).
    Date: 2022
  2. By: Gründler, Klaus; Potrafke, Niklas
    JEL: A11 E62 H60 H63
    Date: 2022

This nep-sog issue is ©2022 by Jonas Holmström. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.