The lack of the efficient market assumption is very important.
Another implication of “no efficient markets in charity” is that you should look for absolute advantage rather than comparative advantage. E.g. even if you have a lot of experience with, say, looking after children, you should not get involved with childrens’ charities, you should go make money and give it to the most efficient charity (probably existential risks).
The lack of the efficient market assumption is very important.
Another implication of “no efficient markets in charity” is that you should look for absolute advantage rather than comparative advantage. E.g. even if you have a lot of experience with, say, looking after children, you should not get involved with childrens’ charities, you should go make money and give it to the most efficient charity (probably existential risks).