How should risk and ambiguity affect our charitable giving?
Lara Buchak (Princeton University)
GPI Working Paper No. 8 - 2022, published in Utilitas
Suppose we want to do the most good we can with a particular sum of money, but we cannot be certain of the consequences of different ways of making use of it. This paper explores how our attitudes towards risk and ambiguity bear on what we should do. It shows that risk-avoidance and ambiguity-aversion can each provide good reason to divide our money between various charitable organizations rather than to give it all to the most promising one. It also shows on how different attitudes towards risk and ambiguity affect whether we should give to an organization which does a small amount of good for certain or to one which does a large amount of good with some small, unknown probability.
Other working papers
Strong longtermism and the challenge from anti-aggregative moral views – Karri Heikkinen (University College London)
Greaves and MacAskill (2019) argue for strong longtermism, according to which, in a wide class of decision situations, the option that is ex ante best, and the one we ex ante ought to choose, is the option that makes the very long-run future go best. One important aspect of their argument is the claim that strong longtermism is compatible with a wide range of ethical assumptions, including plausible non-consequentialist views. In this essay, I challenge this claim…
Egyptology and Fanaticism – Hayden Wilkinson (Global Priorities Institute, University of Oxford)
Various decision theories share a troubling implication. They imply that, for any finite amount of value, it would be better to wager it all for a vanishingly small probability of some greater value. Counterintuitive as it might be, this fanaticism has seemingly compelling independent arguments in its favour. In this paper, I consider perhaps the most prima facie compelling such argument: an Egyptology argument (an analogue of the Egyptology argument from population ethics). …
Against Willing Servitude: Autonomy in the Ethics of Advanced Artificial Intelligence – Adam Bales (Global Priorities Institute, University of Oxford)
Some people believe that advanced artificial intelligence systems (AIs) might, in the future, come to have moral status. Further, humans might be tempted to design such AIs that they serve us, carrying out tasks that make our lives better. This raises the question of whether designing AIs with moral status to be willing servants would problematically violate their autonomy. In this paper, I argue that it would in fact do so.