ChristianKl comments on Attention! Financial scam targeting Less Wrong users - Less Wrong

24 Post author: Viliam_Bur 14 May 2016 05:38PM

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Comment author: ThisSpaceAvailable 05 March 2016 08:09:49PM 0 points [-]

Isn't the whole concept of matching donations a bit irrational to begin with? If a company thinks that MIRI is a good cause, they should give money to MIRI. If they think that potential employees will be motivated by them giving money to MIRI, wouldn't a naive application of economics predict that employees would value a salary increase of a particular amount at a utility that is equal or greater than the utility of that particular amount being donated to MIRI? An employee can convert a $1000 salary increase to a $1000 MIRI donation, but not the reverse. Either the company is being irrational, or it is expecting its employees to be irrational.

Comment author: ChristianKl 09 March 2016 10:17:21AM *  0 points [-]

Isn't the whole concept of matching donations a bit irrational to begin with?

There no reason to call a practice irrational simply because you don't understand it and it's not explained by naive application of classical economics.

It seems to be good for branding. We know that spending money for others makes people happier. Employees who donate are happier than those who don't. That's valuable to the company.