It's worth mentioning that contra our intuitions, there are strong reasons for donating to a single charity rather than multiple charities. Unless you donate a lot of money you're not going to affect the marginal good of donating to that charity. This means that whatever you think has the highest expected marginal good then it will remain so and you should donate only to that charity until your expectation changes. You also should not be risk averse when it comes to charity; since the planets population is quite large, a 50% chance of saving 2 lives is just as good as a 100% chance of saving 1 life.
Er, I meant my comment about what you plant to do with the prize, not as a comment on your essay.
Unless you donate a lot of money you're not going to affect the marginal good of donating to that charity. This means that whatever you think has the highest expected marginal good then it will remain so.
Er, yeah, of course. That's totally right.
You also should not be risk averse when it comes to charity; since the planets population is quite large.
I'm not sure that conclusion follows as strongly as you think it does. Given a choice between an exactly 10% chance of saving exactly 11 lives and a perfect guarantee of saving 1 life, I guess I'd go with...
Reposted from a few days ago, noting that jsalvatier (kudos to him for putting up the prize money, very community spirited) has promised $100 to the winner, and I have decided to set a deadline of Wednesday 1st December for submissions, as my friend has called me and asked me where the article I promised him is. This guy wants his god-damn rationality already, people!
My friend is currently in a potentially lucrative management consultancy career, but is considering getting a job in eco-tourism because he "wants to make the world a better place" and we got into a debate about Efficient Charity, Roles vs. Goals, and Optimizing versus Acquiring Warm Fuzzies.
I thought that there would be a good article here that I could send him to, but there isn't. So I've decided to ask people to write such an article. What I am looking for is an article that is less than 1800 words long, and explains the following ideas:
but without using any unexplained LW Jargon. (Utilons, Warm Fuzzies, optimizing). Linking to posts explaining jargon is NOT OK. Just don't use any LW Jargon at all. I will judge the winner based upon these criteria and the score that the article gets on LW. Maybe the winning article will not rigidly meet all criteria: there is some flexibility. The point of the article is to persuade people who are, at least to some extent charitable and who are smart (university educated at a top university or equivalent) to seriously consider investing more time in rationality when they want to do charitable things.