Economy and peer review

• Serves three main purposes; assessing the research ratings of the uni departments, publication in scientific journals and allocation of research funding
• Assessing the research ratings of the uni departments- paid by various government and charitable bodies, peer review helps determine where this funding should go
• Publication in scientific journals- major goal for all psychologists, prevents incorrect or faulty data entering the domain, peer review helps to decide whether research is good enough to be published
• Allocation of research funding-having successful research is very important for the credibility of a department, secure funding and improve rating