(in classical economic theory) economic agents are able to consider the outcome of their choices and recognise the net benefits of each one
Rational agents will select the choice which presents the highest benefits
Consumers act rationally by
Maximising their utility
Producers act rationally by
Selling goods/services in a way that maximises their profits
Workers act rationally by
Balancing welfare at work with consideration of both pay and benefits
Governments act rationally by
Placing the interests of the people they serve first in order to maximise their welfare
Rationality in classical economic theory is a flawed assumption as people usually don't act rationally
Marginal utility
The additional utility (satisfaction) gained from the consumption of an additional product
If you add up marginal utility for each unit you get total utility
PSYC5016 Personality, Individual Differences and Psychometrics
Human intelligence: how can it be measured?
Intelligence
Generally, intelligence is understood as that capacity that allows us to flexibly exploit the constraints of our environment to solve problems and meet our goals
Intelligence
The ability to derive information, learn from experience, adapt to the environment, understand, and correctly utilize thought and reason
Charles Spearman's 2 Factor Theory
General intelligence or g
Specific intelligences, or s, which are specific skills and knowledge needed to answer the questions on a particular test
Cattell's theory
Crystallised intelligence represents cumulative learning experience: education and experience, which develops over time, increases with age
Fluid intelligence deals with abstract relations, represents the ability to deal with new problems, where prior experience and knowledge are of little use. Not taught, culture free, declines with age in adulthood
Howard Earl Gardner's theory of multiple intelligences
8 distinct kinds of intelligence
IQ tests tend to only measure 3: linguistic, logical-mathematical, spatial
Applied more specifically to education
Problems – vague and little empirical evaluation
Latent trait
We cannot measure perceptions, emotions, attitudes, personality traits directly, we need to rely on their indirect assessment through the responses to a set of observed variables (items, questions….). These observed variables are often referred to as "indicators", as they are designed to reflect the "latent trait" being assessed.
Tests of intelligence
Woodcock-Johnson Tests of Cognitive Abilities (WJ III)
Differential Ability Scales-II (DAS-II)
Kaufman Assessment Battery for Children-II (KABC-II)
Stanford-Binet Intelligence Scales 5th Ed (SB5)
Das-Naglieri Cognitive Assessment System (CAS)
Reynolds Intellectual Assessment Scales (RIAS)
Intelligence and Development Scales – 2nd Ed (IDS-2)
Tests we will look at
Raven's 2 Progressive Matrices Clinical Edition
Cognitive Abilities Test (CAT-4)
Wechsler Adult Intelligence Test (WAIS-IV)
Wechsler Intelligence Scale for Children (WISC-V)
Raven's 2 Progressive Matrices
Designed to measure 'g'
Eductive ability – to think clearly and solve complex problems
Provides screening, useful for determining need for more comprehensive testing
Consists of universal geometric shapes
Requires minimal verbal instruction
Requires no spoken or written response
Norms for 4-69 years
Paper or digital format
Cognitive Abilities Test (CAT)
Most widely used test of reasoning abilities in the UK & Ireland
CAT4 – latest edition
Designed for 6-17+ year-olds, used in primary & secondary schools
Standardized on 25,000 students
Digital and paper format, 3 tests of 45 mins each, 2 hrs 15 mins
Measures verbal reasoning, non-verbal reasoning, quantitative reasoning and spatial reasoning
Deary, I.J., Strand, S., Smith, P. & Fernandes, C. (2007). Intelligence and educational achievement. Intelligence, 35(1), 13-21.
Strand, S. (2004). Consistency in reasoning test scores over time. British Journal of Educational Psychology, 74, 617-631.
Strand, S., Deary, I.J. & Smith, P. (2006). Sex differences in Cognitive Abilities Test scores: A UK national picture. British Journal of Educational Psychology, 76 (3), 463-480.
Strand (2004) study
Aim: To examine long-term consistency of CAT-2E scores
Sample: Over 10,000 Year 6 (age 10+) pupils, followed up in Year 9 (age 13+)