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Erica
26/03/2023
Psychology
Peer review and psychology and the economy
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Economic Implications of Psychological Research
The impact of psychological research extends beyond academic circles, significantly influencing the economy through various channels. This page focuses on the economic implications of research into mental health and workplace productivity.
Mental Health and Economic Impact:
Psychological research has led to crucial developments in understanding and treating mental health disorders, which have substantial economic implications:
-
Workplace Absenteeism: Mental health disorders contribute significantly to absence from work, costing the economy approximately £15 billion annually. Notably, about one-third of these absences are thought to be due to mental health disorders.
-
Treatment Development: Psychological research has been instrumental in developing therapies and drugs to treat mental disorders. These advancements not only improve individual well-being but also lead to economic benefits by reducing absenteeism and increasing productivity.
Highlight: The economic cost of untreated mental illness is substantial, with workplace absenteeism alone costing billions annually.
Example: Cognitive Behavioral Therapy (CBT), developed through psychological research, has been shown to be effective in treating various mental health conditions, potentially reducing work absences and associated economic costs.
The Economic Case for Mental Health Investment:
The findings from psychological research make a strong case for investing in mental health prevention and treatment:
-
Cost-Effectiveness: Investing in mental health treatments and preventive measures can lead to significant long-term economic savings by reducing the burden on healthcare systems and improving workforce productivity.
-
Social Change: Research in areas such as attachment theory has led to changes in social norms and policies, such as shared parental responsibilities, which can have broader economic implications.
Quote: "It is now more of a norm that both parents provide for the family, and both share childcare responsibilities."
This economic perspective underscores the importance of continued psychological research and its application in policy-making and healthcare strategies.
Vocabulary: Economic psychology is a field that studies the psychological mechanisms underlying economic behavior and how psychological factors influence economic decisions.
The Role of Peer Review in Psychological Research
Peer review is a critical process in psychological research that ensures the quality and validity of studies before publication. This process involves a small group of experts in the field assessing various aspects of the investigation.
The main aims of peer review in psychology include:
- Validating the quality and relevance of research
- Suggesting amendments or improvements
- Deciding whether to award funding for proposed research projects
Definition: Peer review is the evaluation of research by other experts in the same field before it is published or funded.
Highlight: The process of peer review Psychology involves assessing all elements of a study, including hypothesis formulation, methodology, statistical tests, and conclusions drawn.
Evaluation of peer review reveals both strengths and weaknesses:
- Anonymity: Reviewers typically remain anonymous to avoid bias.
- Publication bias: Editors may prefer interesting or positive results, potentially disregarding other valuable research.
- Potential for burying ground-breaking research: Reviewers might be overly critical of studies that challenge their own views.
Example: A study challenging established theories in attachment might face more scrutiny during peer review, potentially delaying or preventing its publication.
Economic implications of psychological research methods are significant, particularly in areas such as attachment theory and mental health treatments:
- Attachment research into the role of the father:
- Bowlby's initial view of mothers as primary caregivers has evolved.
- New research suggests children can form multiple attachments, with both parents equally capable of providing emotional support.
- This shift has economic implications as it becomes more common for both parents to provide for the family and share childcare responsibilities.
Quote: "Newer research has suggested a child can form multiple attachments, and both parents are equally capable of providing emotional support."
- Development of treatments for mental illness:
- Mental health disorders contribute significantly to workplace absenteeism, costing the economy billions annually.
- Psychological research has led to the development of therapies and drugs to treat mental disorders, resulting in economic benefits.
Vocabulary: Publication bias refers to the tendency of journals to publish positive or interesting results more readily than negative or inconclusive findings.
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Samantha Klich
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Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
How Peer Review Affects Psychology and the Economy
The role of peer review in psychological research and its economic implications is crucial for ensuring quality and relevance in the field. Peer review Psychologyplays a significant role in validating research and allocating funding, while also impacting the broader... Show more
Economic Implications of Psychological Research
The impact of psychological research extends beyond academic circles, significantly influencing the economy through various channels. This page focuses on the economic implications of research into mental health and workplace productivity.
Mental Health and Economic Impact:
Psychological research has led to crucial developments in understanding and treating mental health disorders, which have substantial economic implications:
-
Workplace Absenteeism: Mental health disorders contribute significantly to absence from work, costing the economy approximately £15 billion annually. Notably, about one-third of these absences are thought to be due to mental health disorders.
-
Treatment Development: Psychological research has been instrumental in developing therapies and drugs to treat mental disorders. These advancements not only improve individual well-being but also lead to economic benefits by reducing absenteeism and increasing productivity.
Highlight: The economic cost of untreated mental illness is substantial, with workplace absenteeism alone costing billions annually.
Example: Cognitive Behavioral Therapy (CBT), developed through psychological research, has been shown to be effective in treating various mental health conditions, potentially reducing work absences and associated economic costs.
The Economic Case for Mental Health Investment:
The findings from psychological research make a strong case for investing in mental health prevention and treatment:
-
Cost-Effectiveness: Investing in mental health treatments and preventive measures can lead to significant long-term economic savings by reducing the burden on healthcare systems and improving workforce productivity.
-
Social Change: Research in areas such as attachment theory has led to changes in social norms and policies, such as shared parental responsibilities, which can have broader economic implications.
Quote: "It is now more of a norm that both parents provide for the family, and both share childcare responsibilities."
This economic perspective underscores the importance of continued psychological research and its application in policy-making and healthcare strategies.
Vocabulary: Economic psychology is a field that studies the psychological mechanisms underlying economic behavior and how psychological factors influence economic decisions.
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Improve your grades
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By signing up you accept Terms of Service and Privacy Policy
The Role of Peer Review in Psychological Research
Peer review is a critical process in psychological research that ensures the quality and validity of studies before publication. This process involves a small group of experts in the field assessing various aspects of the investigation.
The main aims of peer review in psychology include:
- Validating the quality and relevance of research
- Suggesting amendments or improvements
- Deciding whether to award funding for proposed research projects
Definition: Peer review is the evaluation of research by other experts in the same field before it is published or funded.
Highlight: The process of peer review Psychology involves assessing all elements of a study, including hypothesis formulation, methodology, statistical tests, and conclusions drawn.
Evaluation of peer review reveals both strengths and weaknesses:
- Anonymity: Reviewers typically remain anonymous to avoid bias.
- Publication bias: Editors may prefer interesting or positive results, potentially disregarding other valuable research.
- Potential for burying ground-breaking research: Reviewers might be overly critical of studies that challenge their own views.
Example: A study challenging established theories in attachment might face more scrutiny during peer review, potentially delaying or preventing its publication.
Economic implications of psychological research methods are significant, particularly in areas such as attachment theory and mental health treatments:
- Attachment research into the role of the father:
- Bowlby's initial view of mothers as primary caregivers has evolved.
- New research suggests children can form multiple attachments, with both parents equally capable of providing emotional support.
- This shift has economic implications as it becomes more common for both parents to provide for the family and share childcare responsibilities.
Quote: "Newer research has suggested a child can form multiple attachments, and both parents are equally capable of providing emotional support."
- Development of treatments for mental illness:
- Mental health disorders contribute significantly to workplace absenteeism, costing the economy billions annually.
- Psychological research has led to the development of therapies and drugs to treat mental disorders, resulting in economic benefits.
Vocabulary: Publication bias refers to the tendency of journals to publish positive or interesting results more readily than negative or inconclusive findings.
We thought you’d never ask...
What is the Knowunity AI companion?
Our AI Companion is a student-focused AI tool that offers more than just answers. Built on millions of Knowunity resources, it provides relevant information, personalised study plans, quizzes, and content directly in the chat, adapting to your individual learning journey.
Where can I download the Knowunity app?
You can download the app from Google Play Store and Apple App Store.
Is Knowunity really free of charge?
That's right! Enjoy free access to study content, connect with fellow students, and get instant help – all at your fingertips.
Smart Tools NEW
Transform this note into: ✓ 50+ Practice Questions ✓ Interactive Flashcards ✓ Full Mock Exam ✓ Essay Outlines
Mock Exam
Quiz
Flashcards
Essay
Can't find what you're looking for? Explore other subjects.
Students love us — and so will you.
4.9/5
App Store
4.8/5
Google Play
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
Best app on earth! no words because it’s too good
Thomas R
iOS user
Just amazing. Let's me revise 10x better, this app is a quick 10/10. I highly recommend it to anyone. I can watch and search for notes. I can save them in the subject folder. I can revise it any time when I come back. If you haven't tried this app, you're really missing out.
Basil
Android user
This app has made me feel so much more confident in my exam prep, not only through boosting my own self confidence through the features that allow you to connect with others and feel less alone, but also through the way the app itself is centred around making you feel better. It is easy to navigate, fun to use, and helpful to anyone struggling in absolutely any way.
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
very reliable app to help and grow your ideas of Maths, English and other related topics in your works. please use this app if your struggling in areas, this app is key for that. wish I'd of done a review before. and it's also free so don't worry about that.
Rohan U
Android user
I know a lot of apps use fake accounts to boost their reviews but this app deserves it all. Originally I was getting 4 in my English exams and this time I got a grade 7. I didn’t even know about this app three days until the exam and it has helped A LOT. Please actually trust me and use it as I’m sure you too will see developments.
Xander S
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This apps acc the goat. I find revision so boring but this app makes it so easy to organize it all and then you can ask the freeeee ai to test yourself so good and you can easily upload your own stuff. highly recommend as someone taking mocks now
Paul T
iOS user