TomStocker comments on Make your own cost-effectiveness Fermi estimates for one-off problems - Less Wrong

9 Post author: owencb 11 December 2014 12:00PM

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Comment author: TomStocker 26 March 2015 10:46:29AM 0 points [-]

R(0) should be total historical spend right? Rather than annual spend?

Comment author: owencb 27 March 2015 12:37:16PM 0 points [-]

No, it's supposed to be annual spend. However it's worth noting that this is a simplified model which assumes a particular relationship between annual spend and historical spend (namely it assumes that spending has grown and will grow on an exponential).