Hi Arepo,
You're right, I hadn't seen Giving What We Can's recommendations. Sounds like I should postpone completing the donations I listed while I read about it.
Thanks!
I've only just finished reading the Landsburg article, but it doesn't make much sense to me yet. It seems like he correctly describes the diversification motivation for wanting to choose multiple charities -- wanting to make sure that you're doing good even if, say, your Oxfam donation gets eaten up in overhead or a failed program and doesn't actually save any lives, in a way you couldn't have predicted given your incomplete information -- and then wanders off into talking about playing golf too much instead of giving a concrete objection to the strategy. Yes, of course if I *knew* that Oxfam would do the best things with my money then I'd give it all to Oxfam, but I don't. The fact that I want to spread my bets in the face of uncertain information is unrelated to his arguments about wanting to tick off as many boxes as I can in order to increase the number of "accolades" I get¹, or believing that I've "cured fistula" by donating enough money for a fistula operation, which would be ridiculous.
Also, I guess I don't find his explanation of why he doesn't just decide that Microsoft is "the best stock" and put all of his money into it compelling at all. He says that people who invest in MSFT decide that they're covered as far as tech stocks go and move on to a different area, but even that's not really true -- I don't know anyone, self included, who is invested in only one high-tech company. That would be a pretty foolish lack of diversification in itself. Does his portfolio consist of one stock per industry?
So, bit of a rant there, sorry about that. I think that Landsburg started with a very interesting point -- that, given complete knowledge about what your money is going to be used for, you should not choose multiple targets without a good consequentialist reason for doing so (such as the obvious example of one charity needing *less* money to mostly-ameliorate a problem than the amount you have available to give) -- and then failed to make a principled argument about how to act in the face of incomplete knowledge.
Would be curious to hear what other people think.
Thanks.
¹: you know, if people actually *did* receive accolades for giving significantly, instead of just hostile cynicism about how they didn't donate enough or donated to too few or too many causes, I think we'd be able to get a lot more done..