Haven't you read Lewis Terman, author of the Stanford-Binet IQ test, on the subject?
"There are, however, certain characteristics of age scores with which the reader should be familiar. For one thing, it is necessary to bear in mind that the true mental age as we have used it refers to the mental age on a particular intelligence test. A subject's mental age in this sense may not coincide with the age score he would make in tests of musical ability, mechanical ability, social adjustment, etc. A subject has, strictly speaking, a number of mental ages; we are here concerned only with that which depends on the abilities tested by the new Stanford-Binet scales." (Terman & Merrill 1937, p. 25)
Or perhaps you would prefer the point of view of David Feldman, a psychologist specializing in the scholarly study of precocious and highest-IQ individuals?
"Put into the context of the psychometric movement as a whole, it is clear that positive extreme of the IQ distribution is not as different from other IQ levels as might have been expected. . . . While 180 IQ suggests the ability to do academic work with relative ease, it does not signify a qualitatively different organization of mind. It also does not suggest the presence of ‘genius’ in its common-sense meaning, i.e. transcendent achievement in some field. For these kinds of phenomena, IQ seems at best a crude predictor. For anything more, we will have to look to traditions other than the psychometric and to variables other than IQ." (Feldman 1984)
The one independent science writer who has had access to Terman's longitudinal study files at Stanford points out that IQ tests are a great way to miss future Nobel Prize winners. Amazingly, Terman’s study catchment area in California included two future Nobel Prize winners, but both were rejected from inclusion in the study because their childhood IQ scores were too low (Shurkin 1992, pp. 35, 395).
REFERENCES
Feldman, David (1984). A Follow-up of Subjects Scoring above 180 IQ in Terman's Genetic Studies of Genius. Exceptional Children, 50, 6, 518-523.
Shurkin, Joel N. (1992). Terman's Kids: The Groundbreaking Study of How the Gifted Grow Up. Boston: Little, Brown.
Terman, Lewis & Merrill, Maude (1937). Measuring Intelligence: A Guide to the Administration of the New Revised Stanford-Binet Tests of Intelligence. Boston: Houghton Mifflin.
After edit: I see several replies elsewhere in this thread are citing Wikipedia articles as the last word on their subjects. It's important to point out that most Wikipedia articles don't reflect the best research literature known even to Wikipedia editors,
http://en.wikipedia.org/wiki/User:WeijiBaikeBianji/Intellige...
largely because the Wikipedia articles on human intelligence as a broad subject have been the subject of much edit-warring for years
http://en.wikipedia.org/wiki/Wikipedia:Arbitration/Requests/...
and some editors continue to push their point of view, relying on unreliable sources, into multiple Wikipedia articles.
http://en.wikipedia.org/wiki/Wikipedia:Arbitration/Requests/...
I would disagree with the focus on ability to do "academic" work as the only useful result from IQ. While academic challenges is the "tool" we generally use to measure IQ, it is likely to be measuring something that goes much deeper than just academic ability (g factor). This can be seen by the high correlation between different types of intelligence tests. The academic style questions are simply the tool used, since its assumed that most people have had (roughly) the same exposure to the concepts.
The most obvious real world result would be that people who have IQ, and thus have a mind that is able to perform academic work at a high level, would also be able to perform various "knowledge based" work at a similar high level. It seems pretty obvious to me that there is much crossover in the mental faculties needed to do academic work and "real world" work of business value. Since this is the direction the world is moving, it seems short sighted to want to dismiss IQ as having no real world value.
The thing with IQ tests is that it measures a very specific type of skill, and to use that to define intelligence is insulting to an awful lot of people.
The two people who own my company, who I work for, don't have degrees, they're not particularly mathematically skilled, and I don't think they'd do particularly well on an IQ test - not saying they'd get a terrible score, but they wouldn't come of as mensa candidates. And yet they're too of the brightest people I know, they've done amazing things in their careers and I have a huge amount of respect for them.
My dad is another person with a not-great IQ, and yet in my (admitedly biased) view he's the cleverest person I know Whether it's when he's buying/selling stocks, or betting on horses, or working out taxes, he can do it all in his head at a crazy speed - not with any education, just because maths is easy for him. But that's not why I think he's clever. He's clever because of the way he's lived his life and the decisions he's made, many of which have made me insanely proud.
I on the other hand have a high IQ, I did well in school with no work (well, I dropped out at 16 because I was bored, by "did well" I mean stuff like the fact that I got an A* GCSE in French at 15 even though I can't, and couldn't then either, speak French). Sure, it can be useful to be able to float through in areas where that kind of intelligence is useful, but it sure ain't everything.
My point is that there's more to life than one very specific set of skills, and to think otherwise is narrowminded and big-headed. Not big-headed about having an IQ, but about thinking that your high IQ makes you better than someone with a lower IQ.
PS: IQ tests are only really meaningful for the young. At 40 I can look at what you have accomplished at 10 that's far less meaningful.
Though personally I don't see that much difference in the intelligence level of a village idiot and Von Neumann, they're both humans and both way beyond an ant. I'm looking forward to a species that makes modern humans as a whole, from dumbest to smartest, appear as an ant to them.
The people that seem to get ahead in society are those with excellent social skills instead. I'd gladly trade a dozen mathy IQ points for eloquence alone. Oh well, no political career for me.
And on the "honest work" side of things, people with persistence, a healthy lifestyle and passion for what they do seem to be the most productive. (Some people are also productive because they are obsessive, let's leave those out.) How do IQ tests with their super-clean mini puzzles measure any of those?
I think this is one of the problems with how we analyze these things. We always want to focus on the very top and point out that those that lead us aren't the brightest of the bunch, but are oozing social skills. Yes at the very top, social skills, being alpha, being able to persuade and lead, etc, are much more critical than a high IQ. But for the rest of us in between, IQ likely does correlate at least somewhat to enhanced life outcomes.
Avoid confusing warnings against a certain kind of vanity with anti-intellectualism, which regrettably is popular enough already.
The way I understand it: many people equal IQ test scores directly to real-world success and I would say such a direct causality does not exist. Case in point: Mensa members are CEOs all the way down to broke janitors.
http://en.wikipedia.org/wiki/Mensa_International#Demographic...