> Xuechao Qian, a postdoctoral scholar at the Stanford Graduate School of Business and one of the paper’s co-authors, cautions that the paper is not a straight cost-benefit analysis that accounts for the additional time and cost of pursuing a double major.
I did not come from a rich family but we were in the district for the public school which included a lot of professional class parents.
The school offered a lot of AP courses. If you do well on the AP test then some colleges would accept that as college credit. This would make it easier to get a double major.
However, not everyone could afford the AP tests, and schools from poorer neighborhoods, or from smaller districts, didn't offer as many AP courses.
This means less time for fun and socializing and more time in class and studying.
Industriousness is displayed by the willingness to work harder than is expected of someone with a single major which is the dominant way to do undergrad. IQ would be involved in the ability to study for and take more exams in finals week(s).