If you are using a Bayesian model, you should also use the fact that the average IQ of a billionaire is 130. I think we can admit that if you didn't have his SAT, the reasonable probability distribution would not have a peak at the population mean. Furthermore, 100 billion+ net worth probably has an average IQ significantly higher than 130, maybe enough that it should push the prediction from his SAT score into a higher range, not a lower one.
If the old SAT has as high a g loading as the WAIS, can't his SAT score be used as representative of his intelligence without the need to regress the mean? since he wasn't specifically selected for having a high SAT score like the ivy leaguers.
Saw a blog post with stats suggesting that higher IQ begins to reflect lower wealth. People going Kaczynski, I suppose (yuk yuk); heading for the basement; being a post doc forever.
What would you estimate the IQ of the Average Joseph Bronski Enjoyer to be?
110 iq, my IQ. Mostly white english speakers. Lots of math, statistics and complex topics. Maybe 115
Well I got a 1580 on the SAT, so clearly someone owes me 250 billion dollars.
If you are using a Bayesian model, you should also use the fact that the average IQ of a billionaire is 130. I think we can admit that if you didn't have his SAT, the reasonable probability distribution would not have a peak at the population mean. Furthermore, 100 billion+ net worth probably has an average IQ significantly higher than 130, maybe enough that it should push the prediction from his SAT score into a higher range, not a lower one.
If the old SAT has as high a g loading as the WAIS, can't his SAT score be used as representative of his intelligence without the need to regress the mean? since he wasn't specifically selected for having a high SAT score like the ivy leaguers.
Interesting that the average of the two extremes is your estimate though. Maybe a wisdom of crowds type of thing.
Seems about right for Musk.
Saw a blog post with stats suggesting that higher IQ begins to reflect lower wealth. People going Kaczynski, I suppose (yuk yuk); heading for the basement; being a post doc forever.