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Snowyowl comments on On Charities and Linear Utility - Less Wrong
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Yes, but that only poses a problem if a large number of agents make large contributions at the same time. If they make individually large contributions at different times or if they spread their contributions out over a period of time, they will see the utility per dollar change and be able to adjust accordingly. Presumably some sort of equilibrium will eventually emerge.
Anyway, this is probably pretty irrelevant to the real world, though I agree that the math is interesting.
With perfect information. and infinity flexible charities (that could borrow off future giving if they weren't optimal that time period), then yep.
I'd agree it is irrelevant to the real world because most people aren't following the "giving everything to one charity" strategy. If everyone followed givewell then things might get hairy for charities as they became and lost being flavour of the time period.
You mean, like donating to a funding drive with a specific aim?
Point taken.