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It emerged that the bankers were only sometimes fixing the rate for personal gain; in late 2008, they were putting in low submissions in order that the bank should appear healthy and be able to recapitalise itself.
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One of the more popular spoofing tools is SCIgen, an algorithm created, in 2005, by a group of M.I.T. students that randomly tosses together words "to auto-generate submissions to conferences that you suspect might have very low submission standards," as well as "to maximize amusement," according to its Web site.
Over the course of four decades, under Murdoch's approving gaze, the lowbrow has paid no more attention to the highbrow than it ever did, while the highbrow has paid both heed and obeisance to the low — submission, in the weird wrangling of British class consciousness, being preferable to condescension.
The trio then put SCIgen online as a free service, encouraging researchers to "auto-generate submissions to conferences that you suspect might have very low submission standards".
A similarly low submission rate of presentations from ASES meetings might contribute to the lack of correlation between the level of evidence and publication rate in the present study.
The low submission rate of monthly reports has been identified as a problem in previous research [ 14].
In the case of the United States dollar Libor rate, the four highest and four lowest submissions are thrown out, and Thomson Reuters averages the remaining ones.
When the BBA calculates the Libor rate each day, it disregards the four highest and the four lowest submissions it receives from the 16 banks, and then bases the day's Libor on the average of the remaining eight.
These sites take advantage of the phenomenon known as crowdsourcing, or turning to the online masses for free or low-cost submissions.
Among the 200 combined sales roles applications, the low-cut submissions received 62 more interview offers than their round-neck counterparts, and in the accountancy applications they received 68 more interview offers.
If it submits a rate that is way too high or too low, its submission will simply be disregarded.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com