News: It-doesnt-pay-to-be-intelligent

It-doesnt-pay-to-be-intelligent

If you're so smart, why aren't you rich? Although money and mental muscles may seem a natural match, brains, alas, may be more hindrance than help when it comes to getting rich, concludes a new study in the journal Intelligence."It is still not well understood why some people are rich and others are poor," writes study author Jay Zagorsky of Ohio State University. "Luck, timing, parents, choice of spouse and many other factors play important roles in shaping an individual's circumstances," he acknowledges in his study, which looks for a link between intelligence scores, wages and wealth.

Past analyses have mostly just looked at income, with studies of World War II veterans finding a link between smarts and a better salary. The controversial 1994 book, The Bell Curve, by Richard Herrnstein and Charles Murray, went further, arguing that few high-IQ types end up in poverty. Within a few years, that conclusion was later found lacking by Cornell University economist John Cawley and others.

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2 Comments

From what you've written above it sounds inconclusive but I have seen situations where very smart thinkers have spent a lot of time analysing a situation while someone else took a quick look and acted, not necessarily in an optimal way but in a way that got the job done first.

Hej Steven
I´m so sorry if I have made you believe that I´m the author of this text. It is an excerpt from an article in USA-today. I thought it was kinda interesting, and decided to share it here. But many thank yous for commenting on it. Mike

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