Psycholinguistics investigates the mental mechanisms underlying language processing. It studies both language comprehension, how we understand words and sentences, and language production, how we speak and use language. Research methodologies in psycholinguistics include reaction time experiments, eye tracking studies, brain imaging techniques like PET and fMRI, and studies of patients with brain lesions. Key findings include that the meaning and phonology of words are automatically activated during reading and that language functions are lateralized, with the left hemisphere specialized for language abilities.