It seems that this quote predicts a lower rate than there has ever† been before.
Just to make sure I understand—you’re saying that, historically, the chance of funds (that were not intended just to advance mutual self-interest) being appropriated has always been higher than 2% per year?
If so, I’m curious what this is based on. - Do you have specific cases of appropriation in mind? Are you mostly appealing to charities with clear founding values and religious groups, both of which you mention later? [Asking because I feel like I don’t have a good grasp on the probability we’re trying to assess here.]
Not appropriated: lost to value drift. (Hence, yes, the historical cases I draw on are the same as in my comment 3 up in this thread.) I’m thinking of this quantity as something like the proportion of resources which will in expectation be dedicated 100 years later to the original mission as envisaged by the founders, annualised.
Just to make sure I understand—you’re saying that, historically, the chance of funds (that were not intended just to advance mutual self-interest) being appropriated has always been higher than 2% per year?
If so, I’m curious what this is based on. - Do you have specific cases of appropriation in mind? Are you mostly appealing to charities with clear founding values and religious groups, both of which you mention later? [Asking because I feel like I don’t have a good grasp on the probability we’re trying to assess here.]
Not appropriated: lost to value drift. (Hence, yes, the historical cases I draw on are the same as in my comment 3 up in this thread.) I’m thinking of this quantity as something like the proportion of resources which will in expectation be dedicated 100 years later to the original mission as envisaged by the founders, annualised.