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DanielLC comments on On not diversifying charity - Less Wrong Discussion

1 Post author: DanielLC 14 March 2014 05:14AM

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Comment author: DanielLC 14 March 2014 10:53:51PM 1 point [-]

I still don't think it would be a good idea to diversify.

If the parliament doesn't know the budget of each charity beforehand, they would be able to improve on the normal decisions by betting on it. For example, if Alice wants to donate to Charity A, and Bob wants to donate to Charity B, they could agree to donate half to each, but they'd be better off donating to the one that gets less money.

Comment author: Nisan 15 March 2014 06:29:20PM 0 points [-]

A parliament that can make indefinitely binding contracts turns into a VNM-rational agent. But a parliament that can't make binding contracts might always diversify.

Comment author: Squark 22 March 2014 08:58:32PM 0 points [-]

If the parliament consists of UDT agents then effectively it can make binding contracts.