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Larks comments on Facing the Intelligence Explosion discussion page - Less Wrong

20 Post author: lukeprog 26 November 2011 08:05AM

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Comment author: Larks 17 December 2011 05:50:14PM *  1 point [-]

Suppose you budgeted $100 for charity, and then found out that all charities were useless - they just spent the money on cars for kleptocrats. Would you still donate the money to charity?

Probably not - because hearing that charity is less effective than you had thought reduces the amount you spend on it. Equally, hearing it is more effective should increase the amount you spend on it.

This principle is refered to as the Law of Equi-Marginal Returns.