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IQ and Financial Literacy [Copy link] 中文

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Post time 2012-9-26 12:55:15 |Display all floors
This post was edited by Selenite at 2012-9-26 12:55

If India increases their IQ, they will become much richer:

Vdare.com/posts/felix-salmon-on-iq-and-financial-literacy?utm_source=09242012&utm_campaign=UA-18706545-2+&utm_medium=email

Felix Salmon on IQ and Financial LiteracyBy Steve Sailer on September 11, 2012 at 9:52am
Felix Salmon writes about planning for retirement in "Who is speaking for the poor?:"
IQ also helps. Check out this chart, for instance, from a very long and detailed paper about the likelihood that a person of given intelligence will be invested in the stock market.


The distribution is clear: the smarter you are (as measured by IQ), the  more likely you are to be invested in the stock market. And this  distribution is independent of wealth: it applies to the rich as much as  it does to the poor. Or, as the paper puts it, “IQ’s role in the  participation decisions of the affluent is about the same as it is for  the less affluent. The definition of affluence—net worth or income—does  not affect this finding.”
Most impressively, check out this paper from 2007. It asked just three “simple mathematical questions” of  couples to judge the numeracy of each one. If neither got any questions  right, the total wealth of the couple, on average, was $202,000. If they  both got one question right, it was $505,000. If they both got two  questions right, it was $853,000. And if they both got all three  questions right, their average wealth on average was a whopping $1.7  million. (If they got different scores from each other, the wealth ended  up somewhere in between.)
And similarly, at  the other end of the spectrum, there’s huge amounts of research showing  that if you’re particularly financially illiterate, or you’re not good  at numbers, then you’re much more likely to be ripped off by predatory  lenders or other scams, be they legal or otherwise.
There  are various conclusions to be drawn here, one of which is that if we do  a better job of financial education, then Americans as a whole will be  better off. That’s true. But at the same time, financial illiteracy, and  general innumeracy, and low IQs, are all perfectly common things which  are never going to go away. It’s idiotic to try to blame people for  having a low IQ: that’s not something people can control. And so it  stands to reason that any fair society should look after people who are  at such a natural disadvantage in life.



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Post time 2012-9-26 16:37:42 |Display all floors
Transhumanism, Android1, Selenite, FutureChina..... will you stick to one moniker please. Multiple accounts don't add weight to your  arguments.

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Post time 2012-9-26 20:19:48 |Display all floors
verdane Post time: 2012-9-26 16:37
Transhumanism, Android1, Selenite, FutureChina..... will you stick to one moniker please. Multiple a ...

India does not need your weight: It will on it's own, through the use of technology, become the galaxy leader.

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Post time 2012-9-26 22:32:46 |Display all floors
This post was edited by verdane at 2012-9-26 22:33
Selenite Post time: 2012-9-26 20:19
India does not need your weight: It will on it's own, through the use of technology, become the ga ...

The Argulites of Neptulon 14 are clearly leading the Galaxy having already transcended from base biological lifeforms to planet encompassing uber minds;  regretfully they can no longer play ping pong which is a cause of great distress.

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Post time 2012-9-28 10:17:40 |Display all floors
Verdane is correct: India has the moral fortitude to surpass China 1000 times over.

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Post time 2012-10-17 09:18:09 |Display all floors
This is why chinese women should marry rich intelligent men.

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Post time 2012-10-18 00:46:00 |Display all floors
Zeolite Post time: 2012-10-17 09:18
This is why chinese women should marry rich intelligent men.

Having a handsome penis is also good, but must have good brain too.

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