You raise this issue a lot, so now I'm curious how you cash it out in actual numbers:
For the sake of concreteness, call Va the value to you of 10% of your total assets at this moment. (In other words, going from your current net worth to 90% of your net worth involves a loss of Va.)
What's your estimate of the value of a positive Singularity in terms of Va?
What's your estimate of the probability (P%) of a positive Singularity at this moment?
What's your estimate of how much P% would increment by if you invested an additional 10% of your total assets at this moment in the most efficient available mechanism for incrementing P%?
John Baez's This Week's Finds (Week 311) [Part 1; added for convenience following Nancy Lebovitz's comment]
John Baez's This Week's Finds (Week 312)
John Baez's This Week's Finds (Week 313)
I really like Eliezer's response to John Baez's last question in Week 313 about environmentalism vs. AI risks. I think it satisfactorily deflects much of the concern that I had when I wrote The Importance of Self-Doubt.
Eliezer says
This is true as stated but ignores an important issue which is there is feedback between more mundane current events and the eventual potential extinction of the humane race. For example, the United States' involvement in Libya has a (small) influence on existential risk (I don't have an opinion as to what sort). Any impact on human society impact due to global warming has some influence on existential risk.
Eliezer's points about comparative advantage and of existential risk in principle dominating all other considerations are valid, important, and well-made, but passing from principle to practice is very murky in the complex human world that we live in.
Note also the points that I make in Friendly AI Research and Taskification.