Answer
1. Hypothesis formation
2. Data collection
3. Data examination
4. Reporting
Explanation
The steps involved in the development of psychological theories start with making an observation that will identify the problem. This should be followed by creating a hypothesis which is a falsifiable prediction for testing in an empirically. At this step, a prediction is made based on the hypothesis. An experiment is then done to test the prediction, where the results are analyzed. The hypothesis is checked if correct or wrong then the conclusion is made.
