Parapsychology is the study of psychic phenomena. It is not limited to psychic abilities but includes all aspects of consciousness outside the mainstream, such as dreams and hypnotic states. Parapsychologists believe that all consciousness is paranormal and in fact, each person has a psychological "layer" that transcends the self, unbound by time and space and connected to all other people whether living or dead. The American Institute of Parapsychology calls this "transpersonal consciousness."
Source: Audrey Wagner