Comment author: ChristianKl 21 June 2015 08:55:19PM 0 points [-]

I think it's useful to have everything concentrated into one post. That makes it easier for people to link to the post if they consider it to be the best exploration of the topic on the internet.

Comment author: banx 22 June 2015 01:12:53AM *  0 points [-]

Monolithic posts can be intimidating. You can accomplish close to the same thing with digestible posts that end with a link to the next one.

Comment author: falenas108 08 June 2015 11:28:14PM 6 points [-]

I'm about to start being paid for a job, and I was looking at investment advice from LW. I found this thread from a while back and it seemed good, but it's also 4 years old. Can anyone confirm if the first bullet is still accurate? (get VTSMX or VFINX on vanguard, it doesn't matter too much which one.)

Comment author: banx 09 June 2015 08:49:27PM *  5 points [-]

If you want to take one more step of complexity (and assuming you have at least $6000 to invest) you can split your money between VTSMX and VGTSX as Unnamed mentioned. In doing so you would be diversified across the global economy, instead of just across the US economy. You would want 20% to 50% of your funds that are in stocks to be in international stocks.

Vanguard Target Date funds (e.g., VFIFX) are also a good option if you want something you never have to manage, and they have a minimum investment of $1000. They allow you to invest in a pre-determined allocation of domestic and international stocks and bonds, and keep you balanced at a target allocation that gets more conservative as you get closer to retirement age.

You should also strongly consider investing in a Roth IRA if your income is not over the limit for contributions (and if it is, there are ways around that). Contributions to a Roth IRA can be withdrawn at any time, though there are restrictions on accessing the investment returns. Your employer's 401(k) plan is another good option for long-term investments.

The Bogleheads wiki and forum are excellent resources for learning about low-cost long-term investing.

But I agree with everyone else: if you want to do the simplest thing and stop thinking about it, invest in VTSMX.

Comment author: banx 01 April 2015 03:41:41AM 3 points [-]

What do folks here think about blood donation? Is the consensus that it's not an efficient way to help people?

Comment author: CronoDAS 31 March 2015 07:11:28PM *  8 points [-]

I have a small problem. My girlfriend (that I've been with for almost a year, and hope to be with for more years to come) has something of a New Age/unscientific worldview, which I find slightly disturbing, but I don't know how to attempt to "convert" her to something, well, less wrong, without upsetting her or making her feel stupid or something like that, or even how to react to her talking about her more "unusual" experiences.

A trivial example: She once mentioned that a certain kind of stone (it may have been hematite) had "healing powers". I expressed vague skepticism but didn't press the issue any further.

More seriously, my girlfriend has told me stories about seeing and interacting with "spirits", although she's asked me not to repeat any of them, and I've had to reassure her that no, I don't think she's crazy. For example, she said that whenever she goes to a particular railroad crossing, she always sees a woman riding a bicycle along the tracks that nobody else sees, and that one side of the woman's head looks horribly injured. There's another spirit, which she says reminds her of me, that usually hangs out on the roof outside her second-story window on nights when I'm not there, and sort of stands guard. He's asked to come in, but she says that spirits can't come in if you don't let them and she's always said no, except once when she was in a hotel and he spent the night on the side of the double bed she wasn't sleeping on.

I'm not sure how to react or deal with this. She feels kind of fragile emotionally to me, so I have to tread lightly; her father died when she was seven and her mother died when she was thirteen, and she says she's always afraid people are going to leave her. She also has something of an inferiority complex and is hypersensitive to perceived slights. She worries that, because didn't do well in school, people (including me) will treat her like she's stupid. She's also fat and she thinks it makes her ugly. I, of course, think she's beautiful and sexy, but she doesn't quite believe me when I tell her that.

Any advice? ("Break up with her" will be ignored.)

Comment author: banx 31 March 2015 08:34:56PM 2 points [-]

Does she know that you (presumably) don't believe in supernatural things? Does she know why? How do you explain (to yourself) her stories about seeing spirits. Those seem to be a lot more serious than simple beliefs in absurd things like "healing powers" (or astrology, etc). Do you really believe she's not crazy? Is she making it up? (If so, why?) Using drugs? Believes they're there but doesn't actually see them, just "senses" them or something?

Comment author: sediment 31 March 2015 05:47:01PM 3 points [-]

On putting all one's charitable eggs in one basket:

I note that GiveWell recommend splitting one's charitable giving between their top charities in a certain ratio. But it seems that this would reduce the expected value of one's giving. Is this considered by others to be the best way to donate, or is it better to give all of one's donation to that single charity estimated to be most effective? I imagine this is the sort of thing that has already been discussed, so pointers to any previous discussion would be of use.

Comment author: banx 31 March 2015 07:57:41PM 4 points [-]

From GW's perspective, each of their top charities can consume a certain amount of additional money before the expected value of an additional donation decreases by some amount. Their goal is to move money such that each charity hits that target, and then they'll reassess. So they recommend donors split donations so that, as a whole, these targets are hit and EV is maximized. From your perspective, you may decide that concentrating your entire donation in one organization has a higher EV, since that organization has a generally higher EV relative to the others and since your action isn't going to affect the actions of the rest of GW's audience.

Comment author: banx 19 March 2015 11:09:51PM *  0 points [-]

I like bogleheads.org. I think I found it from someone's comment on LW. They advocate a simple portfolio of low-cost index funds. The community is really helpful for figuring out the details.

Comment author: raecai 05 March 2015 08:25:12PM *  5 points [-]

Come to think of it, what Harry said was mostly true. It's just that he omitted the part that the Tom Riddle who killed Death Eaters was known to magical world as Harry James Potter-Evans-Verres, that Hermione followed him by means of being attached to his toe and that only the weapon which "destroyed" LV was first transfigured by Hermione.

I'm curious a bit about how he achieved the trick with the scar. Was it just by prodding? By taking/applying anticoagulant? DId he ask Moody to help him with it (apart from other things to cover the real story)?

Comment author: banx 05 March 2015 11:15:39PM 1 point [-]

I thought it was bleeding because of the magical resonance that was actually happening at that time when other Harry hit LV with the stuporfy.

Comment author: Kaura 25 February 2015 01:16:22AM 1 point [-]

Fellow effective altruists and other people who care about making things better, especially those of you who mostly care about minimising suffering: how do you stay motivated in the face of the possibility of infinities, or even just the vast numbers of morally relevant beings outside our reach?

I get that it's pretty silly to get so distressed over issues there's nothing I can do about, but I can't help feeling discouraged when I think about the vast amount of suffering that probably exists - I mean, it doesn't even have to be infinite to feel like a bottomless pit that we're pretty much hopelessly trying to fill. I have a hard time feeling genuinely happy about good news, like progress in eradicating diseases or reducing world hunger, because intuitively it all feels like such an insignificant part of all the misery that's going on elsewhere (and in other Everett branches of course, in case the MWI is correct).

I know this is a bit of a noob question and something everyone probably thinks about at some point, which is why I'm hoping to hear what kind of conclusions other people have reached.

Comment author: banx 25 February 2015 04:27:38AM 2 points [-]

I remind myself that I care about each individual that can be helped by my action. Even if there are huge numbers of individuals I can't help, there are some I CAN help, and helping each one is worthwhile.

How is the world different if I make a donation?

6 banx 29 December 2014 11:29PM

How is the world different if I give X dollars to the Against Malaria Foundation, where X < 100,000 USD? (In reality, giving directly to GiveWell is probably the better choice. But using AMF works well for this question.)

Here's the answer that would make me very motivated to give:

If I don't give, AMF will purchase and cause to be distributed N bed nets in the next 5 years. If I do give, AMF will purchase and cause to be distributed N+K bed nets in the next 5 years, where K is roughly X / (cost of a bed net, taking into account administrative costs, etc).

In reality, I think the answer is more like:

If I give, AMF will have X more dollars in its bank account than if I don't give. It will make decisions on whether or not to move forward with various large net distribution projects based on the amount of money it has available at the time of each decision. For each decision there will be some amount Z such that AMF will choose to go forward with the project if and only if it has at least Z dollars in the bank, holding all other factors equal. (Even if they claim there's such a cut-off point Y, but would still go forward with the project if they had slightly less than Y, there's an actual amount Z that is the real cut-off point.)

I can think of two kinds of these distribution decisions, which interact differently with this extra money. First, if AMF is presented a unique, time-sensitive distribution opportunity, the extra money slightly increases the chance that they have enough to move forward with the distribution. Second, suppose there are recurring opportunities that are mostly the same. Assuming that AMF has a steady income of donations, there is a small chance this money will cause AMF to have enough money to fund the K-1th distribution instead of the Kth distribution, thereby getting bed nets out to people who need them sooner. This one-time time advantage would not "use up" the extra money. Assuming the K-1th distribution occurred but the Kth did not, at the time of the K+1th, AMF would still have X more dollars than if I hadn't given. So the chance of the time-advantage happening again (and the chance of a unique opportunity being funded) still exists.

I'm fairly confused about the above, and haven't succeeded in rigorously defining a satisfying model from which I can compute the expected utility of a donation. My intuition is that the expected value of a donation should work out to the good done by the number of nets that can be purchased and distributed with that amount of money, but I can't justify it. What is important is that I don't think you can just say that AMF will eventually spend that money on nets in that way, and so that is the good done by the donation. It seems that that argument only works if AMF eventually spends all of its money on distributing nets and then ceases to exist. While this is an ideal end to AMF -- that they've solved the problem they were created to solve -- it doesn't seem like it's definitely going to happen. Even if it did, it's very possible that by the time they are spending their last dollars the marginal cost of saving lives will have gone up significantly compared to what it is today (either because the cost of purchase and distribution has increased or, probably more likely, because the strongest opportunities for doing good with bed nets are no longer available).

In the past, I was very motivated to give because I had the impression that for every five-ish dollars I gave to AMF, an extra bed net would be distributed. It seems that this isn't correct, and this year I'm not nearly as motivated. I will likely be mailing a check to GiveWell tomorrow anyway (I have an employer match that expires at the end of the year), but I would like to have a better understanding of what I'm doing and if it makes sense. I have a sense that I'm not really accomplishing anything, and could spend my money better by giving to a small organization that spends money much less efficiently but would definitely get more done if it had the money, or, alternatively, by buying myself a car. I think this sense is confused, but the fact that I can't articulate exactly how makes it hard to dismiss. I think the ideas in this post more-or-less apply whether I'm considering a gift to AMF, GiveWell, or MIRI. AMF makes things easier to think about because they're mostly focused on only one thing.

Along with any other feedback, I'd love some help with these questions:

1. Does it make sense to be asking this question (How is the world in which I give different from the world in which I don't)? Is the answer to that question not important for some reason? Should I be satisfied with just doing my share in causing AMF to have the money it needs?

2. Can the model of how an organization like AMF actually benefits from small amounts of marginal dollars be made more precise, to the point that I can roughly compute the expected utility (in terms of whatever) of a donation?

3. Is it at all reasonable to prefer using my money on something that has a reasonably high likelihood of succeeding compared to something that has a very small chance of resulting in any desired outcome, when the thing with the tiny likelihood of success has (based on calculations using my assessments of utility) a higher expected utility? It feels really bad to throw tens of thousands of dollars at something, when I know that there's a very tiny chance that it will accomplish anything. This problem is a lot easier to deal with when I expect to iterate enough times that I expect to eventually hit the low-chance outcome. But when I don't expect to iterate nearly enough times for that to happen, it's hard to feel good about the choice. I think the answer may be that the community of givers iterates sufficiently many times that the low-chance outcomes are hit. What if that weren't true? Does it matter? I've asked a similar question in an open thread once, and I got some helpful answers. I think I need to work on truly accepting and internalizing that tiny probabilities of really good things are worth caring about.

Thanks for reading.

Comment author: Emily 18 December 2014 03:15:54PM 2 points [-]

Maybe this would be a coherent position:

  • You trust GiveWell's judgement on which charities are the best choices
  • You think they've done enough work to establish this, at least for the time being
  • You don't plan to give more money in the immediate future
  • Therefore, you want your money go to to the charities, not to a decision-making process that you now see as having diminishing returns

I'm not sure I'd buy it myself... it seems like it really only makes sense if you don't think anybody else is going to be giving money to GiveWell in the immediate future either (or perhaps ever?).

Comment author: banx 19 December 2014 12:37:57AM 2 points [-]

You could also just think that GiveWell doesn't currently have as much room for more funding as the recommended charities do, even though GiveWell may disagree with that assessment.

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