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Peer rating systems

What do you think about a peer rating system as a type of evaluation for performance? For example, would you prefer to be graded by your peers in this class? Why or why not?

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A peer rating system can be an effective type of evaluation for performance, depending on the situation. This type of evaluation is used to maintain standards, improve performance and provide credibility. In academia, a peer rating system is often used to determine whether or not an academic paper is good enough to be published. Peer rating in any professional situation is helpful because showing work to others increases the probability that weaknesses will be identified and improved. The process of peer rating is considered critical to establishing a reliable body of research and knowledge. Scholars and others in a given professional field, ...

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Peer rating systems as evaluations for performance are discussed in this solution.