I don't know how to measure that, but almost all smart people I know seem to be under-achieving, including myself.
As per AlexU's comment, if they were achieving at the level of their intelligence, chances are they'd be surrounded by high-quality people in their professional and/or social lives already.
If you're not, and you need special groups like Mensa to find smart people, you're probably underachieving.
It's not a typical OB/LW subject, but Robin correctly pointed out that most rationalists are outside OB/LW, and so I'm asking about one of the organizations that might hold many of them.
A couple of weeks ago I took a supervised IQ test by Mensa due to curiosity and for some CV padding (cheap signaling is a perfectly rational thing to do). Now I got a letter back from them that I'm in top whatever %, and they'd like me to join. I wasn't really planning joining Mensa, or anything else, so I'm wondering - does any of fellow rationalists have any experience with them? Is it worth bothering?
As a bonus here's a quick description of their supervised IQ testing process:
They compute percentile based on both tests separately, and higher of two counts as the result. So you can has 0 points on one (if at all possible), and respectively 148 / 132 on the other, and you're in (2 stddev above mean, or top 2%). The tests obviously check knowledge of obscure English words and meanings and ability to deal with pressure in addition to intelligence as such. Well, I guess no test is perfect.
So Mensa - good or bad?