This seems to be a different angle on the diminishing personal utility of income, combined with artifacts of fixed percentage pledges? Doing, say, a startup, gives some probability distribution of financial outcomes. The big return ones are heavily discounted personally. Insofar as altruism tips you over into pursuing a startup path it’s because of your valuation of donations you expect yourself to make in those worlds.
But it seems like double counting to say this is on top of “the impact of donations not suffering the same diminishing returns as money on happiness”.
It definitely seems right for people to consider progressive rather than flat proportion donation schedules for themselves in high variance careers though, basically self-insuring some of the risk of failure/lower earnings to consumption utility.
This seems to be a different angle on the diminishing personal utility of income, combined with artifacts of fixed percentage pledges? Doing, say, a startup, gives some probability distribution of financial outcomes. The big return ones are heavily discounted personally. Insofar as altruism tips you over into pursuing a startup path it’s because of your valuation of donations you expect yourself to make in those worlds.
But it seems like double counting to say this is on top of “the impact of donations not suffering the same diminishing returns as money on happiness”.
It definitely seems right for people to consider progressive rather than flat proportion donation schedules for themselves in high variance careers though, basically self-insuring some of the risk of failure/lower earnings to consumption utility.