Actually it's very easy to blow some millions. Sportspeople, lotto-winners and such are doing it all the time. Handling money wisely is a skill you need to learn and master.
That guy is in esports, so he is generally very risk-friendly, so chances are high that he is also investing and wasting his money on risky investments and potentially losing it.
I think these twitter gamers and celebs are smarter than mainstream athletes lotto winners in terms of higher IQ , and thus are better at personal finance and budgeting
Why would this group of people have higher IQs than mainstream athletes? Why would higher IQ lead to better personal finance and budgeting?
I’d think you childhood/background and your current environment would be the biggest factors.
Some mainstream athletes may feel the need to flex. So they may spend extra money. There’s also generally certain rituals or going with the crowd that means spending more money.
It feels elitist to call these gamers and celebs both smarter than mainstream athletes and label the latter as lotto winners. Unless you were talking about lotto winners as a separate group. Though that too appears problematic as you’re more closely associating them with mainstream athletes in a negative sense.
Lotto winners also have societal, environmental, and cultural issues many other wealthy people like streamers don’t. No one thinks the lotto winner deserves their money. People have far easier time coming out of the woodwork and hassling lotto winners. Asking for money and more.
All highly paid celebrities without managers, including many streamers, are effectively running marketing and PR campaigns for million-dollar brands. It's quite believable to me that the job would select for higher intelligence, or at least better cash flow management, than being an athlete who plays a team sport.
Your wording makes what streamers and other influencers have to do without managers as much harder and serious than it is.
Celebrity is already pushing it. In the scale of fame, someone doing all the work themselves likely is pretty down the list in terms of celebrity.
Many celebs without managers don’t need to do much marketing and PR for their brand. There’s countless YouTube or IG etc accounts with millions of subscribers that don’t have a concerted marketing and especially not PR campaign going on.
Many, possibly most, sports players do not have managers. Most have agents only.
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For cash flow. Leagues like the NBA and NFL have become more serious with helping out and making sure the players manage money better. Still a long way to go.
Overall, I don’t see any reason why streamers and online celebs would have higher intelligence. The reasons people are giving appear to be biased toward giving credence to tech white collar work.
Look at the number of online influencers peddling all sorts of scummy NFT and crypto stuff. If their PR was so important, these online celebs would have had to do major damage control. They largely haven’t. If at all. This makes it seem like there’s much less serious pressure and real stakes at play for online celebs. There’s other various things online celebs have done and continue to do that just is not done by the vast vast majority of athletes. The ones that do behave like divas are ostracized. This isn’t the case with online celebs.
I don’t think either selects for higher intelligence.
>Why would this group of people have higher IQs than mainstream athletes?
Though I disagree with the posters theory that twitch gamers are less susceptible to blowing their fortune than athletes, the fact that their job doesn't come with a high risk of head trauma is a reason they may be smarter.
Does this factor in with basketball, soccer (futbol), tennis, And many other sports?
Also, just my personal opinion. I’d rather make $10M over my 20s with some head trauma than have to slave away as a random cog employee. I know people can delude themselves into believing they aren’t. Some believe their work matters a lot. I doubt many would do the same work id they had millions in savings though.
This doesn’t make streamers any smarter to me. This posits that streamers would not be streamers if streaming entailed the same risk of head trauma as the NFL and hockey. I personally believe people would want the game and money so they’d still do it.
>Does this factor in with basketball, soccer (futbol), tennis, And many other sports?
My understanding is that though most of those sports have a lower rate of head trauma than football or hockey, they still have a far higher rate of head trauma than the general public. To the point where I doubt many professional soccer or basketball players haven't had at least one concussion like event from the sport.
If I were guaranteed $10m for a concussion I'd take that deal in a second. Having a high chance of a concussion for a very low chance of $10m is a different matter.
I only see streamers as smarter as their low chance of millions doesn't have the associated risk of head trauma, though I agree that it's unlikely anybody is picking their long shot based on the potential injury.
edit read your other reply and can sum up or difference in opinions easily.
>I don’t think either selects for higher intelligence
Neither do I, but I think the process for athletes has more of a negative effect on intelligence than streaming does. Purely due to injuries.
What do you think about the possibility of athletes are not sitting at a desk in front of their computer screen 10 hours a day like streamers? I’m generalizing with the numbers :). Instead they are exercising? That has to count for something, no? Maybe a few streamers are doing treadmill desks but I’d think that will always remain incredibly rare. Standing desks may be used a little more but I don’t know.
I understand streamers can exercise in their own time. It is debatable if exercising for an isolated one hour a day is any where close to the same as regular fitness.
General unhealthiness is probably common with streamers but though it may decrease their expected life span, but it's nowhere near as permanently hazardous as what head injuries can do to a person. Additionally, they just aren't dedicating enough free time to taking care of themselves while athletes need to put themselves in danger for part of their sport.
And as a related aside, I think many of the actual esports teams have realized the importance of health for competitions and devote a fair amount of time to it.
I'd be very interested for your evidence there. Both that streamers are higher IQ, and that high IQ means more responsible financial behaviors for people in power-law industries like this.
I've known plenty of smart people who were terrible with money, and plenty of average people who were very good at managing it. There's a huge gap between intellectual understanding and practical skill. And I've known some brilliant people whose brilliance made them confident the money would keep coming or that the usual dynamics didn't apply to them. Note, for example, that intelligent people are more likely to become addicts: https://bigthink.com/neuropsych/intelligent-people-drugs/
Competitive gamers - or at least the kind that get big Twitch viewership - aren't too far removed from athletes. They're used to the game giving reliable feedback and to getting as many tries as they need to perfect their skills, even if there are moments of high pressure to test them. They're rewarded by chasing a big audience and hustling to put up equally big and obvious leaderboard scores. Gamers have "tight grips" on their domain and optimize themselves heavily towards crushing the game. It's not just an IQ thing, but a personality type.
Finance tends to be the opposite - limited information, long time horizons, optimal risk/rewards by going into poorly understood niches, and permanent failure making loose attachment and adaptability preferable to optimizing. While you can make the competitive gaming mindset work, it's an "attack dog" way of running your life.
And you can see a contrast between session based online gaming - which is what gets most of the Twitch viewers as alluded earlier - and MMOs, in the types of playstyle that "make it" competitively. While MMOs often reward persistent grinds, they can also reward creative ways of redefining the game's goals and mechanics to develop the game in a pro-social direction. You want to be in an MMO with other people who know how to make the game lively, not 1000 angry sweatlords chasing after the same leaderboard stat. So there are typically more ways to measure oneself, and more opportunities to do things like item trading arbitrage, which is directly financial in nature.
That guy is in esports, so he is generally very risk-friendly, so chances are high that he is also investing and wasting his money on risky investments and potentially losing it.