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How much is a child's future success determined by innate intelligence? Economist James Heckman says it's not what people think. He likes to ask educated non-scientists -- especially politicians and policy makers -- how much of the difference between people's incomes can be tied to IQ. Most guess around 25 percent, even 50 percent, he says. But the data suggest a much smaller influence: about 1 or 2 percent.
So if IQ is only a minor factor in success, what is it that separates the low earners from the high ones? Or, as the saying goes: If you're so smart, why aren't you rich?
Science doesn't have a definitive answer, although luck certainly plays a role. But another key factor is personality, according to a paper Heckman co-authored in the Proceedings of the National Academy of Sciences last month. He found financial success was correlated with conscientiousness, a personality trait marked by diligence, perseverance and self-discipline.
Why aren't you rich? You obviously slept with the wrong people!
(Score: 0) by Anonymous Coward on Wednesday December 28 2016, @09:36PM
check your privilege white boi
(Score: 0) by Anonymous Coward on Wednesday December 28 2016, @10:59PM
that was kind of the point, friend
(Score: 0) by Anonymous Coward on Thursday December 29 2016, @12:11AM
It is also a very classiest thing to say.
For example in india you can get a bad ass cell plan with unlimited data mins texts from anywhere from 5-50 USD a month. What does that mean? It means it depends. If I live in down town San Francisco I expect my rent to be high. However I also expect to have a job that can cover that. If I live in bumfuck nowhere my housing payments are much lower. It means I just need a job to cover that. When I first found out about data plans is what keyed me in to the way classes look at each other. You are looking down your nose thinking 'first world problems' are just that. But those sorts of issues 3rd world have too. They also have issues we do not deal with like where to get clean water. For me 'check your privilege' seems to be short hand for someone about to say something racist, classiest, bigoted or all of the above but in a way that makes them come off intellectually snobby.
(Score: 0) by Anonymous Coward on Thursday December 29 2016, @04:30PM
I'm not sure how pointing out our collective privilege is "classiest".
(Score: 0) by Anonymous Coward on Thursday January 05 2017, @01:59AM
think he was shooting for classist