A method involving the automatic, online dilution of polymer and/or colloid solutions, such that, when the diluted polymer stream flows through suitable detectors, non-equilibrium processes, such as polymerization, degradation and aggregation, can be monitored. The dilution involves a reacting or stock solution of polymer and/or colloid, and at least one solvent. The online dilution technique can also be used to assess the effects of solvent quality and other solutes on polymer/colloid characteristics and reactions, and also permits equilibrium characterization of polymers/colloids by making a single stock solution of the polymer/colloid.