4 ms·

I'm suspicious of the notion that throwing money at problems can solve them.

by vivekd 9y ago

jonnybgood 9y ago
This is where due diligence comes in. You throw money at people and orgs who are good at solving those problems.
nyargh 9y ago
You throw money at people who have the domain knowledge and are actively solving the problems.
westbywest 9y ago
Agreed. Money can't buy everything, including experience and awareness gleaned from personally facing the problems such NGOs target. The knowledge accrued could demonstrate value later.
- TeMPOraL 9y ago
  True, but you need to consider what you care about more - to have the problem solved, or to solve it yourself? Or to put it differently - do you care about increasing utility, or your own fuzzy feelings? Either of those goals are good, but they're better done separately. See also: http://lesswrong.com/lw/6z/purchase_fuzzies_and_utilons_separately/ http://lesswrong.com/lw/6z/purchase_fuzzies_and_utilons_sepa....
  - simplicitea 9y ago
    I'll admit that I didn't read the link that you shared. However, I'd like to assert that I feel fuzzies yield utilons to the individual in a similar manner as utilons yield fuzzies, each requiring refinement in their acquisition to be optimal. I think it's a more-grey area than your comment or the title of the article you linked implies (having not read said article).
    - TeMPOraL 9y ago
      Please read it, it's not long. In the article, utilons refer to the utility your help brings, and fuzzies to the feelings they generate in you (which indeed you can see as utility for you, but you could also count it separately). The point of the article is that if you optimize for utilons, fuzzies and status points separately - e.g. by doing one thing for maximum utility, and then another for maximum fuzzies - you'll be more efficient in all of them than if you try to find one thing that maximizes all three at the same time.
TeMPOraL 9y ago
To quote 'Eliezer, this is how adults solve problems. Professional specialization has huge leverage. If you can find a way to use your professional skills to help society, go ahead and do it. If you can't, it's more effective use of your time to leverage your professional skills into money, and then use that money to fund professionals helping society directly.
Houshalter 9y ago
But it's pretty hard to solve a problem without money. There are a lot of people out there already trying to solve problems. But not enough giving them the money they need to do so.

I'm suspicious of the notion that throwing money at problems can solve them.

by vivekd 9y ago

I'm suspicious of the notion that throwing money at problems can solve them.

jonnybgood 9y ago

This is where due diligence comes in. You throw money at people and orgs who are good at solving those problems.

nyargh 9y ago

You throw money at people who have the domain knowledge and are actively solving the problems.

westbywest 9y ago

Agreed. Money can't buy everything, including experience and awareness gleaned from personally facing the problems such NGOs target. The knowledge accrued could demonstrate value later.

TeMPOraL 9y ago
True, but you need to consider what you care about more - to have the problem solved, or to solve it yourself? Or to put it differently - do you care about increasing utility, or your own fuzzy feelings? Either of those goals are good, but they're better done separately. See also: http://lesswrong.com/lw/6z/purchase_fuzzies_and_utilons_separately/ http://lesswrong.com/lw/6z/purchase_fuzzies_and_utilons_sepa....
- simplicitea 9y ago
  I'll admit that I didn't read the link that you shared. However, I'd like to assert that I feel fuzzies yield utilons to the individual in a similar manner as utilons yield fuzzies, each requiring refinement in their acquisition to be optimal. I think it's a more-grey area than your comment or the title of the article you linked implies (having not read said article).
  - TeMPOraL 9y ago
    Please read it, it's not long. In the article, utilons refer to the utility your help brings, and fuzzies to the feelings they generate in you (which indeed you can see as utility for you, but you could also count it separately). The point of the article is that if you optimize for utilons, fuzzies and status points separately - e.g. by doing one thing for maximum utility, and then another for maximum fuzzies - you'll be more efficient in all of them than if you try to find one thing that maximizes all three at the same time.

TeMPOraL 9y ago

To quote 'Eliezer, this is how adults solve problems. Professional specialization has huge leverage. If you can find a way to use your professional skills to help society, go ahead and do it. If you can't, it's more effective use of your time to leverage your professional skills into money, and then use that money to fund professionals helping society directly.

Houshalter 9y ago

But it's pretty hard to solve a problem without money. There are a lot of people out there already trying to solve problems. But not enough giving them the money they need to do so.