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John_Maxwell_IV comments on The curse of identity - Less Wrong
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My biggest problem is really that I can't get myself to donate a lot of money. That decision would be met with disbelief by my surroundings. I also fear that, at some point, I might need the money. Otherwise I would have already donated a lot more to the Singularity Institute years ago. As of today I have only donated 3 times, a laughable amount of $30.
And other than money? That takes up a lot of time and effort that I am currently unable to dispense.
You might be suffering from the endowment effect. To test this, you could pretend that a friend of yours found $10,000 but had no need for it, and was asking you whether he should give it to you or SIAI. If you would recommend that the friend donate to SIAI, but you choose to add your next $10,000 of disposable income to your bank account, I don't see much of any explanation outside the endowment effect.
Or, for a more radical thought experiment, ask yourself how much of SIAI's budget you would reallocate to your personal bank account given the chance. (This mimics the reversal test proposed by Nick Bostrom.) Remember, the people who are currently holding funds should not in theory have any impact on what your preferred allocation of those funds would be.
(Side note: I think I just realized how powerful the endowment effect is.)
Yes, I would.
I wouldn't reallocate any money to my personal bank account.
Okay, maybe I can overcome that at some point. But I think other factors like the predicted reaction of my surroundings also weigh heavily in my opinion.