End Peer Review?

Adam Mastroianni has an interesting post on the rise and fall of peer review. I found it interesting in that it looks at the history of peer review, and in that it asks a clear question: Is science better off because of peer review?

I think it’s worth a read, but I struggled with peer review being pitched as “an experiment”, and especially with the extrapolation from one “I posted this on PsyArXiv and got a lot of feedback” to this is what we should be doing. Would it scale? Would it be better? Would it be fairer or simply give even more weight to “prestige” and those in stable jobs with all the resources? Would we encourage even more hyperbole and select on eloquence?

Would there still be journals (or other recommendation services), and do we want to give more decision power to individual editors (and specific algorithms)? I’m just asking a lot of questions here, but I think that the answers need a careful distinction between journals, peer review, and for-profit publishers.

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