For any given task, I would expect ability = f(IQ) to be a logistic function, because everything is a logistic function.
Income is a result of supply and demand.
IQ is by definition a normal distribution, which defines what the supply is.
But, what's the demand? If there just aren't many tasks (relative to supply of smart people) where the linear region is at or above say IQ=150, then increasing IQ above 150 shouldn't increase income.
p
For any given task, I would expect
ability = f(IQ)to be a logistic function, because everything is a logistic function.Income is a result of supply and demand.
IQ is by definition a normal distribution, which defines what the supply is.
But, what's the demand? If there just aren't many tasks (relative to supply of smart people) where the linear region is at or above say IQ=150, then increasing IQ above 150 shouldn't increase income.
More options
Context Copy link