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Alfred Binet's Insight Regarding a Method of Measuring Mental Development

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Essay

Alfred Binet's insight regarding a method of measuring mental development had an international impact in the twentieth century. Explain how he went about calculating a child's mental abilities. What scoring system did later researchers base on Binet's method, and how was it originally calculated?


Definitions:

Institutional Investors

Organizations that invest large sums of money into securities and assets, including mutual funds, pension funds, insurance companies, and endowments.

Mutual Funds

Investment vehicles made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

Pension Funds

Investment pools that pay for workers' retirements. Contributions are made by employers, employees, or both, and the funds are invested on the employees' behalf.

Secondary Market Transaction

The buying and selling of existing financial securities among investors or traders, which occurs after the initial issuance of the securities.

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