ChristianKl comments on Open thread, Dec. 14 - Dec. 20, 2015 - Less Wrong Discussion
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Why haven't the good people at GiveWell written more about anti-aging research?
According to GiveWell, the AMF can save a life for $3.4e3. Let's say it's a young life with 5e1 years to live. A year is 3.1e7 seconds, so saving a life gives humanity 1.5e9 seconds, or about 5e5 sec/$.
Suppose you could invest $1e6 in medical research to buy a 50-second increase in global life expectancy. Approximating global population as 1e10, this buys humanity 5e11 seconds, or about the same value of 5e5 sec/$.
Buying a 50-second increase in life expectancy for a megabuck seems very doable. In practice, any particular medical innovation wouldn't give 50 seconds to everyone, but instead would give a larger chunk of time (say, a week) to a smaller number of people suffering from a specific condition. But the math could work out the same.
Of course, it could turn out that the cost of extending humanity's aggregate lifespan with medical research is much more than $5e5/sec. But it could also turn out to be much cheaper than that.
ETA: GiveWell has in fact done a lot of research on this theme, thanks to ChristianKl for pointing this out below.
For AMF it's a lot easier to estimate the effect than it is for anti-aging research. GiveWell purposefully started with a focus on interventions for which the can study the effect.
GiveWell writes:
You find a bit of data gathering under http://www.givewell.org/node/1339
More recently GiveWell Labs which then was renamed into the Open Philanthropy project will put more emphasis in that direction.
Articles that were written are:
http://blog.givewell.org/2013/12/26/scientific-research-funding/
http://blog.givewell.org/2014/01/07/exploring-life-sciences-funding/
http://blog.givewell.org/2014/01/15/returns-to-life-sciences-funding/
GiveWell Labs managed get Steve Goodman and John Ioannidis matchmaked with the Laura and John Arnold Foundation at the tune of $6 million.
Meta-Research doesn't sound as sexy as anti-aging research but if we want to have good anti-aging research we need a good basis in biology as a whole.
Anti-aging research is a catch-phrase and it makes sense that it's decently funded but alone it won't work. Biology as a whole needs to progress and chasing after shiny anti-aging targets might not always be the most effective use of money. Do you have a reason why you think it makes more sense to speak about anti-aging research than it makes sense to speak about life-science research?
Please do a Fermi estimation of how you arrive at that conclusion.