Benefits of doing peer review. Peer review is often considered a burden that one grudgingly accepts in order to keep the system working. But in my experience, especially for a junior researcher, the effort is well worth the time.
The most obvious advantage of being on a PC is that it forces you to read papers. Now if you're the type that never needs external motivation to get things accomplished, this wouldn't matter to you -- you'd do literature study on a regular basis anyway. But many of us aren't that disciplined; I'm certainly not.
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