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by h0h0h0h0111
303 days ago
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I don't think it's unfortunate - in principle, return on investment today can achieve greater humanitarian impact tomorrow vs humanitarian impact today. Of course, this creates a perverse situation where choosing humanitarian impact today over investment is always irrational, but this is the fundamental tension in charity vs investment, and aside from relying on governments and guilt, I'm not sure we have discovered a great model to solve it |
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There’s a bunch of effects to consider 1) improving lives right now may well improve subsequent generations lives directly 2) your future project may have a higher failure rate than your current one 3) the problems you are trying to solve may no longer be relevant in the future 4) you could be very wrong about future population growth.
All of this boils down to: you should be risk-discounting future benefits just the same way as you do future cash flows.