One of the Longest-Running Psychological Studies Ever Conducted Was Begun

question 147

Essay

One of the longest-running psychological studies ever conducted was begun by Lewis Terman in 1921 in order to learn about children who scored in the top one percent of the IQ distribution. As they reached adulthood, some of these "Termites," as they were called, fulfilled their early promise, but others did not. Analyze the differences between those who were successful and those who were not.

---

Definitions:

Yield To Maturity

An estimate of the annualized rate of return of a bond if held until the date it matures, accounting for its current market price, face value, interest payments, and time to maturity.

Coupon Rate

The yearly interest yield of a bond, represented as a percentage of its nominal value, disbursed from the time it's issued up until its due date.

Maturity Value

The amount of money an investment will yield upon the expiration of an investment period.

Interest Rates

The cost of borrowing money or the payment received for deposit funds, typically expressed as a percentage rate over the period of one year.