On windows I can double click a word and then drag the selection, which does a by-the-word selection change. It's a lot easier to select areas of text like this as you don't need to absolutely get your mouse cursor to the start of the word you want, just someone within the word in fine.
How can I replicate this functionality on OSX? Double click and dragging does nothing and I'm getting fed up of having to finely position the mouse cursor to select text.