multifoliaterose comments on Why We Can't Take Expected Value Estimates Literally (Even When They're Unbiased) - Less Wrong

75 Post author: HoldenKarnofsky 18 August 2011 11:34PM

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Comment author: ciphergoth 20 August 2011 06:58:40AM 0 points [-]

What sort of key limiting factors do you have in mind that are untouched by money? Every limiting factor I can think of, whether it's lack of infrastructure or corruption or lack of political will in the West, is something that you could spend money on doing something about.

Comment author: multifoliaterose 20 August 2011 06:51:02PM *  1 point [-]

If nothing else, historical examples show that huge amounts of money lobbed at a cause can go to waste or do more harm than good (e.g. the Iraq war as a means to improve relations with the middle East).

Eliezer and I were both speaking in vague terms; presumably somebody intelligent, knowledgeable, sophisticated, motivated, energetic & socially/politically astute can levy money toward some positive expected change in a given direction. There remains the question about the conversion factor between money and other goods and how quickly it changes at the margin; it could be negligible in a given instance.

The main limiting factor that I had in mind was human capital: an absence of people who are sufficiently intelligent, knowledgeable, sophisticated, motivated, energetic & socially/politically astute.

I would add that a group of such people would have substantially better than average odds of attracting sufficient funding from some philanthropist; further diminishing the value of donations (on account of fungibility).