(Cross-posted from my substack The Ethical Economist: a blog covering Economics, Ethics and Effective Altruism.)
Don’t give to just one charity, there are so many good charities to give to! Also, what if the charity turns out to be ineffective? Then you just wasted all your money and did no good. Don’t worry, there’s a simple solution. Just give to multiple charities and spread risk!
Thinking along these lines is natural. Whether it’s risk aversion, or just an inherent desire to support multiple charities or causes, most of us diversify our philanthropic giving. If your goal is to do the most good however, you should fight this urge with all you’ve got.
Diversification does make... (read 774 more words →)