Pablo_Stafforini comments on What should a college student do to maximize future earnings for effective altruism? - Less Wrong

16 Post author: D_Malik 27 August 2013 07:06PM

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Comment author: Pablo_Stafforini 28 August 2013 04:23:00PM *  4 points [-]

The posts he linked to provide some data.

The OP wants to donate most of his earnings. Since charities, unlike people, don't generally exhibit diminishing marginal utility, he should choose a career that maximizes expected earnings. So in this context mean, rather than median, returns are relevant. As Carl notes in the second post, "most venture-backed startups fail, but the average (mean) financial gain to founders is measured in millions."

Comment author: Lumifer 28 August 2013 05:24:40PM *  0 points [-]

As already mentioned, don't confuse a startup with a VC-funded startup. These are very different things with very different probabilities of success (and different expected returns).

I don't think going purely by the expected return and ignoring the shape of the distribution is a good idea.