Giles comments on Giving What We Can, 80,000 Hours, and Meta-Charity - Less Wrong
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Yep, totally agree - see this comment and this post.
I'd treat the graph of GiveWell's money moved as evidence in favour of meta (and in particular CEA) being promising, under three assumptions:
In a way you could regard any charity fundraising as "meta" in some sense, but the market there is already saturated in a way that I don't think "effective giving" is. So I wouldn't expect people to be getting such huge returns from fundraising (even if they're trying a somewhat novel approach), but I wouldn't count this as strong evidence against meta.
Definitely curious about what other kinds of evidence I should be on the lookout for, or for reasons why I shouldn't take GW's big takeoff so seriously.
Yes, that and the stats for Giving What We Can/CEA look pretty good.
I think competition tends to be good! It keeps people on their toes, and provides a check on problems. Consider your other point:
With competitors you could check the rate of concordance, when they disagree, or look to see which organizations identify problems with data first, that sort of thing.