M

Mattheww🔸

Organizer @ Purdue
93 karmaJoined Pursuing an undergraduate degree

Bio

Senior studying Finance. Looking to work in tech policy in the future.

Comments
7

Yes good point. Was thinking of this as "how many potential QUALYs would be lost if your money went to your not-so-EA relatives". But yes, if you think they would spend the money wisely then this makes sense. 

Why you, as a 25 y/o should write a Will

You might die. If you did, would your money go to your feelings-over-facts relative who thinks a Humane Society is the same thing as the Humane League? Would this be in accordance with your values?

 

The SSA’s Life Tables tell us that if you are 25, you have an annualized chance of death of 1.8 in 1,000. I don’t know how much money you have, but let’s be generous and say you have $100k.

 

0.0018 (annual chance of death) / 12 = 0.00015 monthly

0.00015*$100,000 = $15/month

 

Would you bother to cancel a subscription that charged you $15 per month? What if you knew you’d have to cancel it eventually and that it would become more expensive every day you lived?

 

My lawyer says it can be as easy as filling in his template. Could this be worth 30 minutes?

Great guys great post.

Purdue EA has likely been inspired to try the back-to-back model.

"Well, there might be almost no chance, but there is some chance. And when you do the math, doesn't this then check out?"

What is your response to this? Do you ignore the Pascal Optimal religion? If so, what rule do you apply to decide what to ignore or not?

Great post! Also very kind author in my experience.