Do we know the smallest donation that's eligible for the $2000 award prize or if there are any other penalties for contributing small increments? Maybe it's worth having some people break up their donations and do a ton of small donations to try to grab some of the $2000 prizes.
If we assume that the minimum donation allowed is $1 and that we will not be maxing out the matching funds, then the opportunity cost of a person doing this strategy instead of donating during the one-to-one matching hours is $1.
I'm not confident about my math here, but...
if p(winning 2000 with one donation) * $2000 > $1, then we should try this strategy Which means that p(winning 2000 with one donation) has to be greater than 1/2000 for it to make sense... right?
So if we think that less than 2000 donations will be made in a certain hour (including all of our donations) then we should have people sit in front of their computers for an hour and make a $1 donation every minute until the total number of donations (including ours) is about 2000?
And if we eliminate the opportunity cost by assuming that we could not just instead plop the money into the matching funds part (if they were maxed out or something) then this seems like the right choice to make anyway and we do not run up against the 1/2000 limit.
Edit: I'm wrong. Mixed up the $2000 and the $150 prizes
I'm not sure, but I don't think we will have access to the number of people who donated for all the other charities. And I suspect that something may be wrong in the math, because that strategy of "donate every minute until 2000 donations occur total" would lead to badly overfilling that hour with donations if, say, 1800 donations were made on behalf of all the other charities.
That math looks like you are calculating the expected value of a raffle ticket randomly awarded to one donor with a value of 2000$.
But instead, the 2000$ is awarded to th...
As you may know, on May 6, there will be a large one-day price-matching fundraiser for Bay Area Charities.
The relevant details are right here at MIRI's official website.
And this is the webpage to visit to donate.
For those of you who didn't read the two links above, here's the important information.