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
High risk, low reward: A challenge to the astronomical value of existential risk mitigation – David Thorstad (Global Priorities Institute, University of Oxford)
Many philosophers defend two claims: the astronomical value thesis that it is astronomically important to mitigate existential risks to humanity, and existential risk pessimism, the claim that humanity faces high levels of existential risk. It is natural to think that existential risk pessimism supports the astronomical value thesis. In this paper, I argue that precisely the opposite is true. Across a range of assumptions, existential risk pessimism significantly reduces the value of existential risk mitigation…
Shutdownable Agents through POST-Agency – Elliott Thornley (Global Priorities Institute, University of Oxford)
Many fear that future artificial agents will resist shutdown. I present an idea – the POST-Agents Proposal – for ensuring that doesn’t happen. I propose that we train agents to satisfy Preferences Only Between Same-Length Trajectories (POST). I then prove that POST – together with other conditions – implies Neutrality+: the agent maximizes expected utility, ignoring the probability distribution over trajectory-lengths. I argue that Neutrality+ keeps agents shutdownable and allows them to be useful.
Doomsday rings twice – Andreas Mogensen (Global Priorities Institute, Oxford University)
This paper considers the argument according to which, because we should regard it as a priori very unlikely that we are among the most important people who will ever exist, we should increase our confidence that the human species will not persist beyond the current historical era, which seems to represent…