jsteinhardt comments on What are your contrarian views? - Less Wrong Discussion
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For many smart people, academia is one of the highest-value careers they could pursue.
Highest value for the person, for society, or both?
Also, by "high value" do you mean purely monetary or do you mean other benefits?
Society. For the second question, not quite sure what it would mean to provide monetary value to society, since money is how people trade for things within society rather than some extrinsic good.
Yes, I think that's pretty trivially true. Academia functions monastically: the academic accepts relatively worse material income in order to have the opportunity to donate large sums of value to society.
It sure isn't great for the smart people.
Clarify "many"?
~30% maybe?
What about “smart people”? IQ > 100? IQ > 115? IQ > 130? IQ > 145?
Let's say IQ 145 or higher?
ETA: Although I would push things like conscientiousness into the picture as well if I were trying to be more precise; but for the sake of not writing an essay I'm happy to stick with an IQ cutoff.