It’s still a psychology question! The people who die in year 1 and make up those increased donations haven’t had time to accrue interest, so they’re donating money you claim they’d never have donated if they were only 10% per year pledgers, which is a claim about donor psychology, and an unrealistic one at that!
It’s still a psychology question! The people who die in year 1 and make up those increased donations haven’t had time to accrue interest, so they’re donating money you claim they’d never have donated if they were only 10% per year pledgers, which is a claim about donor psychology, and an unrealistic one at that!
I think most people are saving investing for life so I think I’m looking at it in more of a real world population than in a vacuum