Tyler Cowen: belief

Transcript context

…Does the convexity of returns on intelligence suggest that maybe the multiplicative model is wrong? Because if the multiplicative model is right, you would expect to see decreasing returns and putting your stats on one skill. You'd want to diversify more, right? I think the convexity of returns to intelligence is embedded in a multiplicative model, where the IQ returns only cash out for people good at all these other things. For a lot of geniuses, they just can't get out of bed in the morning, and you're stuck, and you should write them off. So you cite the data that Sweden collects from everybody that enters the military there. The CEOs are apparently not especially smart. But one thing I found interesting in that same data was that Swedish soccer players are pretty smart. The better a soccer player is, the smarter they are. You've interviewed professional basketball players turned public intellectuals on your podcast. They sound extremely smart to me. What is going on there? Why, anecdotally, and with some limited amounts of evidence, does it seem that professional athletes are smarter than you would expect?…

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