Now, why end the matching period? A utility-maximising donor ought to offer their 41 cents for as long as it takes - the utility of those 41 cents is always going to be higher than any 41-cent section of hedonistic spending (which is where the money is coming from). The answer lies partly in human psychology. A limited-time offer prompts action in a way that open-ended, time-independent offers do not. A progress bar prompts action too. It's also partly from status: successfully completing campaigns like this raises the prestige of SingInst. Meeting the target before the specified end date raises the prestige of both SingInst and its donors.
These factors are convincing enough reasons to time-limit the matching offer, mostly because they solve the problem of the pledge not being fulfilled. Odd quirk of our brains to blame here.
don't forget the simple explanation: It's risky to offer to match infinite dollars.
From the SingInst blog:
Thanks to the generosity of several major donors†, every donation to the Singularity Institute made now until August 31, 2011 will be matched dollar-for-dollar, up to a total of $125,000.
Donate now!
(Visit the challenge page to see a progress bar.)
Now is your chance to double your impact while supporting the Singularity Institute and helping us raise up to $250,000 to help fund our research program and stage the upcoming Singularity Summit… which you can register for now!
† $125,000 in backing for this challenge is being generously provided by Rob Zahra, Quixey, Clippy, Luke Nosek, Edwin Evans, Rick Schwall, Brian Cartmell, Mike Blume, Jeff Bone, Johan Edström, Zvi Mowshowitz, John Salvatier, Louie Helm, Kevin Fischer, Emil Gilliam, Rob and Oksana Brazell, Guy Srinivasan, John Chisholm, and John Ku.
2011 has been a huge year for Artificial Intelligence. With the IBM computer Watson defeating two top Jeopardy! champions in February, it’s clear that the field is making steady progress. Journalists like Torie Bosch of Slate have argued that “We need to move from robot-apocalypse jokes to serious discussions about the emerging technology.” We couldn’t agree more — in fact, the Singularity Institute has been thinking about how to create safe and ethical artificial intelligence since long before the Singularity landed on the front cover of TIME magazine.
The last 1.5 years were our biggest ever. Since the beginning of 2010, we have:
In the coming year, we plan to do the following:
We appreciate your support for our high-impact work. As PayPal co-founder and Singularity Institute donor Peter Thiel said:
Donate now, and seize a better than usual chance to move our work forward. Credit card transactions are securely processed through Causes.com, Google Checkout, or PayPal. If you have questions about donating, please call Amy Willey at (586) 381-1801.