Exploration/exploitation. If you want to give away X dollars to do the most good, you’d like to spend some fraction of X on exploring the space of opportunities to do good. You can sit around and reason about the payouts people say various slot machines have, but this has a cost as well. You can also go out and start pulling handles to get a sense of how the slot machines function.
Exploration/exploitation. If you want to give away X dollars to do the most good, you’d like to spend some fraction of X on exploring the space of opportunities to do good. You can sit around and reason about the payouts people say various slot machines have, but this has a cost as well. You can also go out and start pulling handles to get a sense of how the slot machines function.