What is it that an IQ test is quantifying?

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I had a psychology class this morning where we discussed different methods of testing a large population, and IQ tests came up. After the discussion I was curious and decided to go and research some more, and I found out that they’d originally been developed to find children in schools who needed extra help and weren’t as accurate for adults, yet were still used to do some less than savoury things to certain adults some decades later.

I know IQ doesn’t really let you know exactly what you’re intelligent in, a physicist and artist may have exactly the same scores, but what it is actually measuring? When I was 11 I took the official Mensa test and scored 162, and from my research today anything above 145 is I the top 0.13%. If IQ was strictly measuring intelligence I would be some sort of super genius, and while I am top of all my classes I really don’t apply myself to them and have a terrible work ethic. I mostly squander whatever intelligence I have playing video games and consuming as much media as possible to stave off an existential crisis.

Since I’m clearly not the next Einstein, is IQ measuring brain capacity or potential to become smart, or is it just completely useless. Because I know for a fact all that the Mensa test I took is good for is segregating all the pretentious snobs in our society and putting them all in one place, I went to a single one of those meetings and it was awful.

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