View Single Post
  #43  
Old 11-07-2007, 02:34 AM
MrMore MrMore is offline
Member
 
Join Date: Mar 2007
Posts: 78
Default Re: Spin Off Logic Problem From Genius-Religion Debate

[ QUOTE ]
[ QUOTE ]
How about a question of the value of a widget to the average IQ person? Might not high IQ people be less accurate in estimating the value than average IQ people? Especially if we sat the value accuracy's test is market dependent, in which case the aggregate average person's answer is pretty much the definition of the answer anyway.

[/ QUOTE ]

Sure, if you take a "weak" definition of IQ and say that *on average*, higher IQ = more accurate and more precise, then you just cherry-pick the exceptional case (which could exist) to conclude that IQ and accuracy aren't necessary correlated, which isn't an interesting answer.

I showed a case where increased IQ was correlated to increased accuracy and increased precision and extrapolating still wouldn't be valid, which is a stronger result.

[/ QUOTE ]

LOL.

My point is that highly intelligent people--measured pretty much anyway you want--might be less likely to correctly answer questions which are themselves best answered by markets. That's an actual life-useful answer, in as much as highly intelligent people might be more likely to be deluded into thinking they can beat, say, the stock market, for more than the average return (random walk and all that), and thus trade and leverage too much, to their detriment.
Reply With Quote