mwengler comments on The curse of identity - Less Wrong

121 Post author: Kaj_Sotala 17 November 2011 07:28PM

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Comment author: ChrisHallquist 18 November 2011 01:06:53AM 8 points [-]

This is an excellent post.

I'll toss in another example: volunteering vs. donating to charity. People like the idea of volunteering, even when they could do more good by working longer hours and donating the money to charity.

When I first entered college, I had the idea that I'd go to med school and then join Doctors Without Borders. Do a lot of good in the world, right? The problem was that, while I'm good at a lot of things, biology is not my strong suit, so I found that part of the pre-med requirements frustrating. I ended up giving up and going to grad school in philosophy.

To maximize my do-gooding, I would have been better off majoring in Computer Science or Engineering (I'm really, really good at math), and committing to giving some percentage of my future earnings at a high-paying tech job to charity. Alas...

Now whenever I meet someone who tells me they want to go into a do-gooding career, I tell them they'd be better off becoming lawyers so they can donate lots of money to charity. They never like this advice.

Comment author: mwengler 23 November 2011 07:48:19PM 1 point [-]

Now whenever I meet someone who tells me they want to go into a do-gooding career, I tell them they'd be better off becoming lawyers so they can donate lots of money to charity. They never like this advice.

This is what Warren Buffett has done. And he quite explicitly over the years said he wasn't going to donate while getting richer because his ability to compound his wealth was above average and so he would do more net good giving it away when he was done. (As it turns out, he gave away stock in his company, which has a very low effect on "shrinking the pie" that he is working with.)