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Noah Birnbaum's avatar

If you’re not already familiar with it, would be helpful to check out Phil Trammel’s work on Patient Philanthropy, which makes this/ a similar point.

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Sam Harsimony's avatar

One thing to add is that charitable opportunities can be unforseen and temporary, so saving money to spend on e.g. natural disasters is good.

In the end the solution might be something like having uncertainty across all parameters and allocating money to each time period proportional to the expected value (and updating as time goes on).

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