Some points for why Giving Multiplier could still be pretty good even if more funds are directed to slightly less effective GiveWell charities than things like bed-nets:
As EA starts to move a lot more money each year and potentially gets more push-back for concentrating its power in the non-profit space, Giving Multiplier offers a step in the funding process that allows more non-EAs to voice where they want more of these concentrated funds directed. It gives even outsiders a bit of a democratic voice in our processes.
If these outsider voices seem to tip things towards non-optimal allocations, then GiveWell’s maximum impact fund could still adjust its allocation of funds to the better marginal options. So the more democratic Giving Multiplier funds can just displace other funding sources for lower impact GiveWell charities & those displaced sources can then give to the higher impact GiveWell charities in response.
Some points for why Giving Multiplier could still be pretty good even if more funds are directed to slightly less effective GiveWell charities than things like bed-nets:
As EA starts to move a lot more money each year and potentially gets more push-back for concentrating its power in the non-profit space, Giving Multiplier offers a step in the funding process that allows more non-EAs to voice where they want more of these concentrated funds directed. It gives even outsiders a bit of a democratic voice in our processes.
If these outsider voices seem to tip things towards non-optimal allocations, then GiveWell’s maximum impact fund could still adjust its allocation of funds to the better marginal options. So the more democratic Giving Multiplier funds can just displace other funding sources for lower impact GiveWell charities & those displaced sources can then give to the higher impact GiveWell charities in response.