I had to submit my SAT scores for a job at D. E. Shaw & Co.
I paused and had to check with the recruiter to make sure I'd heard her correctly. (I had.)
I paused and had to check with the recruiter to make sure I'd heard her correctly. (I had.)
https://www.futurescienceleaders.com/yvr1b/wp-content/upload...
https://gregmankiw.blogspot.com/2009/08/least-surprising-cor...
Saying that SAT scores correlate closely with income in response to someone claiming that SAT scores measure IQ could be a statement of agreement or disagreement, depending on the relationships among the various measures.
Also, if you want to measure IQ, why not use an IQ test and not some arbitrary proxy?
[1] http://www.equality-of-opportunity.org/papers/abs_mobility_p...
Those children might go on to score better on the SAT, leaving a correlation between parental income and SAT scores that would be unsurprising at each step.
Your point about inherited wealth is not demonstrated on the chart you showed, which was parental incomes (not wealth) and in ranges unlikely to be perturbed by vast inheritances.
> Also, if you want to measure IQ, why not use an IQ test and not some arbitrary proxy?
I don't want to; I suspect colleges and D. E. Shaw felt like SAT scores were an acceptable/practical proxy for whatever purpose it was that they had. I thought it was weird and slightly off-putting to be asked, but it seems to work for them.
[edit 1: added the below]
I don't think the best idea in the room wins - the most persuasive person's idea usually wins.
[edit 2: added the below]
Harvard's endowment in 2022 was apparently $50.9 billion.[1]
[1]https://www.usnews.com/education/best-colleges/the-short-lis...
[edit] I should have quoted de shaw's wealth
It was also the single highest-density pool of talent that I've ever worked with, then or since. Our office manager had a PhD from Colgate.