Or if you think an outcome was mostly bad luck, fund them more than just impact purchase
Yeah, luck is another argument I considered covering, but didn’t get into. Sometimes the impact of a project is just a matter of being at the right place in the right time. Of course, it’s hard to tell; to a certain extent people make their own luck.
But in most cases I would suggest straight up impact purchase, because anything else is is really hard and you’ll probably get the adjustments wrong.
I guess this would be a key point where we differ. I haven’t thought deeply about this, but my intuition would be that adjustments would greatly improve impact. For example, a small project extremely competently implemented and a big project poorly implemented might have the exact same impact, but the former would be a stronger signal.
I guess this would be a key point where we differ. I haven’t thought deeply about this, but my intuition would be that adjustments would greatly improve impact. For example, a small project extremely competently implemented and a big project poorly implemented might have the exact same impact, but the former would be a stronger signal.
In this case, the competent person can just do more great small projects and get more money.
Yeah, luck is another argument I considered covering, but didn’t get into. Sometimes the impact of a project is just a matter of being at the right place in the right time. Of course, it’s hard to tell; to a certain extent people make their own luck.
I guess this would be a key point where we differ. I haven’t thought deeply about this, but my intuition would be that adjustments would greatly improve impact. For example, a small project extremely competently implemented and a big project poorly implemented might have the exact same impact, but the former would be a stronger signal.
In this case, the competent person can just do more great small projects and get more money.