IDEAS home Printed from https://ideas.repec.org/a/cup/utilit/v35y2023i3p175-197_1.html
   My bibliography  Save this article

How Should Risk and Ambiguity Affect Our Charitable Giving?

Author

Listed:
  • Buchak, Lara

Abstract

Suppose we want to do the most good we can with a particular sum of money, but we cannot be certain of the consequences of different ways of making use of it. This article explores how our attitudes towards risk and ambiguity bear on what we should do. It shows that risk-avoidance and ambiguity-aversion can each provide good reason to divide our money between various charitable organizations rather than to give it all to the most promising one. It also shows how different attitudes towards risk and ambiguity affect whether we should give to an organization which does a small amount of good for certain or to one which does a large amount of good with some small or unknown probability.

Suggested Citation

  • Buchak, Lara, 2023. "How Should Risk and Ambiguity Affect Our Charitable Giving?," Utilitas, Cambridge University Press, vol. 35(3), pages 175-197, September.
    • Handle: RePEc:cup:utilit:v:35:y:2023:i:3:p:175-197_1
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0953820823000055/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:utilit:v:35:y:2023:i:3:p:175-197_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/uti .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.