Will_Sawin comments on Applied Optimal Philanthropy: How to Donate $100 to SIAI for Free - Less Wrong

10 Post author: Louie 04 January 2011 06:14AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (86)

You are viewing a single comment's thread. Show more comments above.

Comment author: Will_Sawin 04 January 2011 04:19:26PM 4 points [-]

It has to do with mental accounting. For someone who is a) like all humans, a bounded rationalist, and b) like most humans, does not donate nearly enough (from a utilitarian perspective) to charity, a catchy idea to donate unbudgeted money could spur an increase in donation.

In particular, taking a donation out of money you previously thought you would use hurts. Taking a donation out of money you did not know about before does not hurt.

Comment author: Louie 04 January 2011 06:08:49PM 0 points [-]

Exactly. I'm sure this phenomenon has been studied and documented somewhere but I don't know what it's called.

Comment author: Vaniver 04 January 2011 08:34:56PM 3 points [-]

Typically they refer to these as "windfall gains," and there seems to be significant psychological literature that uses that term.

Comment author: Louie 06 January 2011 06:54:32AM 1 point [-]

Ah, yes! I'll be studying that literature now thanks to you!