The document discusses the chronoscope, an instrument invented in the 1840s to precisely measure small time intervals. A chronoscope functions by measuring reaction times for visual and audio stimuli. It was initially used to study ballistics and nerve conduction speeds but was later adopted by experimental psychology with Wilhelm Wundt recommending its use to study simple reaction times. The document provides details on the chronoscope's applications in fields like psychology, physiology and physics as well as references used in the discussion.