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greyenlightenment  investments: META/FBL, TSLA, TQQQ, TECL, MSFT ...  1yr ago (greyenlightenment.com)   Edited 1yr ago   3045 thread views

Nassim Taleb is likely wrong about IQ and talent

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It's very obvious that Taleb is wrong about IQ. One can immediately see that those with very low IQ, with mental disabilities like Downs Syndrome and similar, are not capable of earning high income. I've met people who are very capable in verbal and mathematical domains, it's pretty obvious that their intelligence is general, that it extends out to everything. They're earning high incomes too.

One can immediately see that Taleb's own chosen chart comparing income to intelligence shows that they are positively correlated. And there's a gigantic confounder in that 'income' from Zalorsky 2007 includes welfare payments, artificially propping up the incomes of the poor/low-IQ. Even so, the paper still concludes that IQ is positively associated with higher income. Taleb just brushes off that conclusion saying that there was suspicious data selection and that he'll do his own study later.

https://medium.com/incerto/iq-is-largely-a-pseudoscientific-swindle-f131c101ba39

Note that he's writing on medium, not an academically rigorous outlet. I read an article there claiming that Musk's twitter profile pic of a fork in the road meant that the Bitcoin he bought was actually BSV, a fork of bitcoin.

https://miro.medium.com/max/828/1*Txc8Deu_EEM7pH7ZL0k4cg.webp

Taleb's claim is that IQ is meaningful for lower than average but not higher than average values

which would be true in a society that does not have division of labor or social stratification, which excludes every modern society. Even in antiquity smarter people were valued or had higher status, such as politicians, priests, generals, etc.. A comatose person has an IQ of zero. Yes, when taken to its extreme Taleb's argument is correct. To say that high IQ only measures test-taking ability ignores that such skills correlate in almost all aspects of life in which technical ability is an asset. People who score below 20 on the wonderlic, corresponding to an IQ of < 100, will almost always do worse at g-loaded activities than those who score above 30 (IQ above 125). It sucks that it is this way it is. It would unlock a lot of economic growth and productivity if IQ 100 people can be trained, at no added cost ,to do what 130 IQ people can do, but this does not seem to be the case.

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