I quote from Andrej Karpathy's post
https://x.com/karpathy/status/1894099637218545984

I had this intuitively wrong for decades, I think due to a pervasive
cultural veneration of intelligence, various entertainment/media, obsession
with IQ etc. Agency is significantly more powerful and significantly more
scarce. Are you hiring for agency? Are we educating for agency? Are you
acting as if you had 10X agency?

Grok explanation is ~close:

“Agency, as a personality trait, refers to an individual's capacity to take
initiative, make decisions, and exert control over their actions and
environment. It’s about being proactive rather than reactive—someone with
high agency doesn’t just let life happen to them; they shape it. Think of
it as a blend of self-efficacy, determination, and a sense of ownership
over one’s path.

People with strong agency tend to set goals and pursue them with
confidence, even in the face of obstacles. They’re the type to say, “I’ll
figure it out,” and then actually do it. On the flip side, someone low in
agency might feel more like a passenger in their own life, waiting for
external forces—like luck, other people, or circumstances—to dictate what
happens next.

It’s not quite the same as assertiveness or ambition, though it can
overlap. Agency is quieter, more internal—it’s the belief that you *can*
act, paired with the will to follow through. Psychologists often tie it to
concepts like locus of control: high-agency folks lean toward an internal
locus, feeling they steer their fate, while low-agency folks might lean
external, seeing life as something that happens *to* them.”
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