The complaints I hear about IQ are completely opposite! People dislike standardized exams, including IQ tests, because of their standardization! That is, the need to assess everyone the same way precludes assessment specific to the individual being assessed. Detractors of IQ, insofar as they would like assessment at all, would prefer a more holistic procedure where the characteristics and capabilities of the assessee are analysed with due attention paid to the specific life history of said assessee.
In regards to income, I briefly skimmed the Wikipedia section for IQ and Income, which can be found here:
https://en.wikipedia.org/wiki/Intelligence_quotient#Income
"Highly correlated" would not be the choice of words I use to describe correlations between (0.23 - 0.5).
We, as people, should cherish the contributions of one's intelligence instead of obsessing over an arbitrary, qualitative value painted as a qualitative value like one's potential intelligence.
lol, this range is 0.5 to 0.7 variance explained (R squared) which is an insane value. in typical social studies a correlation of > 5% is considered a major improvement. In finance a correlation or > 1% is considered amazing.
You are either a hyper-intelectual drinking Taleb's kool-aid or simply don't know what you are talking about :D
Also 10% variance explained in social science is considered pretty good (which is depressing, but such is life).
Very far from it. I'm just an idiot with Internet access.
> drinking Taleb's kool-aid
I do agree with some of what he has said about IQ, but I am not well-versed in any of his other writings.
> simply don't know what you are talking about
Perhaps, but I am still not convinced.
If 0.23-0.5 correlation is "very high" then what is 0.7-0.9? Would r >= 0.7 be literal causation at that point for psychologist? (I'm kidding, of course)
Again, I am not saying that a correlation of 0.23-0.5 is statistically insignificant by any means. I just think I needed "very high" to be coupled with "for psychology."
Anyway, I saw an interesting theory once that suggested IQ simply measures motivation and highly motivated people will tend to do better on standardized tests as well as more generally in life.
lots of complaints I've heard - can't say one way or the other if there is any salt to them.
I haven't heard the complaint before that IQ is imaginary, that's a new one... I think through reading the exchange I see where the semantics shifted between people's thoughts, I doubt that's what the the poster above you meant - likely they meant a combination of the many complaints to dismiss the general usefulness of IQ tests as a predictor of intelligence.