Peer-review & Implications for the Economy

Question 1

Definition: The assessment of scientific work by others who are specialists in the same field, to ensure that any research intended for publication is of high quality.

Answer 1

Peer-review

Question 2

What are the three main aims to peer-review?

Answer 2

1. Allocate research funding.
2. Validate the quality
3. Suggest amendments or improvements

Question 3

Definition: the idea that studies that find null, or unexpected, effects are less likely to be published than those that find significant effects in the expected direction - file-drawer problem.

Answer 3

Publication bias

Question 4

What title do we give to the findings of psychological research influence, affect, benefit or devalue our financial prosperity?

Answer 4

Implications for the economy