Comment Bit of an arbitrary model (Score 4, Informative) 233
Each reviewer produces a binary recommendation within the same timestep: ’accept’ or ’reject’. If a paper gets 2 ’accept’ it is accepted, if it gets 2 ’reject’, it is rejected, if there is a tie (1 ’accept’ and 1 ’reject’) it gets accepted with a probability of 0.5.
If a single 'bad' reviewer (i.e. one that gives the 'wrong' answer as determined by the 'correct' method of reviewing mentioned as a control in the paper) can cause a paper to have a 50:50 chance of acceptance or rejection it doesn't seem too suprising to me that a relatively small number of them could cause the process to become '[not] much better than by accepting papers by throwing (an unbiased) coin' - because in their model, in the case of a reviewer disagreement, that's exactly what is happening!