What is the significance of psi in the field of parapsychology?

In the field of parapsychology, psi refers to psychic abilities such as telepathy, clairvoyance, and psychokinesis. The significance of psi lies in its potential to provide evidence for the existence of paranormal phenomena beyond what can be explained by current scientific understanding. Researchers study psi to explore the possibility of human consciousness and abilities that go beyond conventional explanations.