multifoliaterose comments on Career choice for a utilitarian giver - Less Wrong
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That may be, but what opportunity cost is it worth?
How huge? In order to make comparisons one needs quantitative data.
The $1000/life GiveWell cost-effectiveness calculations take this into account.
Donating saves an expected life. Yes, one's donation probably won't result in an extra life saved but it has a small probability of tipping the balance toward allowing them to expand into another city which would result in lots of lives saved. See circular altruism.