cakealert
Joined 1 year ago
Joined 1 year ago
Also you didn't address what he said, possibly because it's complete nonsense?
> A lot of rich people just buy shares (other than at an IPO) and just move money around each other's pockets rather than investing in something wealth creating, or just swap already-existing overpriced properties around each other.
But that's only because there are other people who will happily move money into your control to get that share from you. Doesn't change the fact that the money you spent acquiring it has moved out of your control onward in the economy.
So your claim is that wealthy people aren't interested in generating more wealth for themselves? What exactly is it you are claiming? Sounds like something a populist youtuber would say.
Are you under the impression that the wealthy keep their money in a savings account?
They have more money than they can spend so they invest it, what do you think investment does?
You just confirmed that you didn't read the article.
"Eventually, I was instead offered that someone else, who has access to the model, could run a scan and analysis on curl for me using Mythos and send me a report."
Given a multitude of such values it would even be possible to get back to a precise IQ value.
IQ tests are just factor analysis artifacts. You can dream up 100 questions that you conjecture may have something to do with intelligence and not even know the answers and have 10,000 people answer them. Product of the factor analysis of the answers will yield a normal distribution which you can then center on 100. Calibration can be more complicated than that but you get the point.
The natural circumstances people find themselves in are also just noisy questions.
Focusing on his critics is more illuminating and damaging to your presumed position:
Systematic review by Wicherts et al: "In light of all the available IQ data of over 37,000 African testtakers, only the use of unsystematic methods to exclude the vast majority of data could result in a mean IQ close to 70. On the basis of sound methods, the average IQ remains close to 80."
They of course follow it with the conjecture: "Although this mean IQ is clearly lower than 100, we view it as unsurprising in light of the potential of the Flynn effect in Africa (Wicherts, Borsboom, & Dolan, 2010) and common psychometric problems associated with the use of western IQ tests among Africans."
It's always curious how "common psychometric problems associated with the use of western IQ tests among Africans" don't carry over to economics and other things. Wouldn't you expect them to have similar problems with other western "ideas"? Also interesting how Easterners adapted to western IQ tests so well they are better at them than the West.
> Accrue more money pretty much indefinitely?
You changed the subject. Wealth wasn't it.