This is stupid. The blog post at the top shows plenty of examples where higher IQ matters after 100 IQ. There's even one that shows increased chances of various outcomes at the top 1% of ability. I can't believe people ate up Taleb's made-up graphs.
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Replying to @amiguello1 @wall_sd and
Just because having higher IQ 'increases your chances' of certain outcomes does not mean that you can actually predict outcomes from IQ. If I tell you that a particular person has tested at 160 IQ, but no other info, can you tell me how successful they are?
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Replying to @thepiclord @amiguello1 and
If there are a lot of high IQ high performers, but also a lot of High IQ low performers, and a LOT of high IQ mediocre performers, then IQ is NOT actually telling you much about an individual person's performance. As in it isn't actually *explaining* their success in full.
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Replying to @thepiclord @wall_sd and
Good thing nobody believes IQ explains success in full, that's a dumb strawman from Taleb. The consensus in intelligence research is that it's only part of the story, and that there are other factors ("specialized" intelligence, personality, environment, luck, etc.)
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Replying to @amiguello1 @wall_sd and
So what percent of success does IQ explain? And if it doesn't explain much, what precisely is it useful for? Why use a measure that doesn't capture all the relevant factors? Talebs argues that a true 'intelligence' test should correlate highly with 'success' in real world.
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Replying to @thepiclord @wall_sd and
Actually he argues such a test is most likely impossible. Give me a definition of success, and maybe I can find a paper investigating it. For academic performance, for example, IQ+conscientiousness "explains" half of it I think.
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Replying to @amiguello1 @wall_sd and
Taleb seems to think it is impossible with a fake model, but that the 'real world' is going to separate out who wins and loses. He also indicates the factors that go into success will change with time. So if factors of 'success' are so chaotic, it may be fallacy to rely on ONE.
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Replying to @amiguello1 @wall_sd and
Should probably say 'over-relies' on one. Or we could take the theoretical scenario where you can only apply one measure to select from a whole batch of candidates for very important job. Even if IQ is the 'best' measure available, doesn't necessarily make it GOOD.
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Replying to @thepiclord @amiguello1 and
i.e. you hire for a position overseeing a multi-billion dollar fund by picking only those with IQ above 140. If IQ doesn't capture important factors in success in hedge management OR misses other negatives (high rate of mental illness?) can have HUGE downside!
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Nobody's arguing that IQ is the only metric necessary for selecting into high stakes positions. It's typically used to select into entry level, as a measure of potential for success.
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Replying to @primalpoly @amiguello1 and
Does it do better than just hiring people semi-randomly (i.e. removing obvious unqualified) and observing how they actually perform?
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Replying to @thepiclord @primalpoly and
As long as the correlation is positive yes, it would be better than random.
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End of conversation
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