mwengler comments on Rationality Quotes August 2013 - Less Wrong

7 Post author: Vaniver 02 August 2013 08:59PM

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Comment author: mwengler 05 August 2013 04:28:45PM 3 points [-]

And so within the nonprofit space, we’ve created a system where he/she who tells the best story is the one that’s rewarded.

Rewarding those who tell great stories is hardly limited to non-profits. Hollywood of course does this as well it should. Fund raising for new ventures does this a lot, raising money for many sorts of investment at the retail level is largely an effort of telling good stories not particularly supported by statistical fact.

Which isn't to say that this is not a problem for non-profits, but rather that non-profits might do well to see how other industries deal with this phenomenon.

Comment author: Eugine_Nier 06 August 2013 03:43:55AM 1 point [-]

Fund raising for new ventures does this a lot, raising money for many sorts of investment at the retail level is largely an effort of telling good stories not particularly supported by statistical fact.

At least in investing the people listening to the stories eventually find out whether their investment went sour.