Given the kinds of information gaps and political problems I describe here, it seems to me that while in expectation they’re a good thing to do with your surplus, the expected utility multiplier should be far less than the very large one implied by a straightforward “diminishing marginal utility of money” calculation.
Given the kinds of information gaps and political problems I describe here, it seems to me that while in expectation they’re a good thing to do with your surplus, the expected utility multiplier should be far less than the very large one implied by a straightforward “diminishing marginal utility of money” calculation.