This topic seems even more relevant today compared to 2019 when I wrote it. At EAG London I saw an explosion of initiatives and there is even more money that isn’t being spent. I’ve also seen an increase in attention that EA is giving to this problem, both from the leadership and on the forum.
Increase fidelity for better delegation
In 2021 I still like to frame this as a principal-agent problem.
First of all there’s the risk of goodharting. One prominent grantmaker recounted to me that back when one prominent org was giving out grants, people would just frame what they were doing as EA, and then they would keep doing what they were doing anyway.
This is not actually an unsolved problem if you look elsewhere in the world. Just look at your average company. Surely employees like to sugarcoat their work a bit, but we don’t often see a total departure from what their boss wants from them. Why not?
Well I recently applied for funding to the EA meta fund. The project was a bit wacky, so we gave it a 20% chance of being approved. The rejection e-mail contained a whopping ~0.3 bits of information: “No”. It’s like that popular meme where a guy asks his girlfriend what she wants to eat, makes a lot of guesses, and she just keeps saying “no” without giving him any hints.
So how are we going to find out what grantmakers want from us, if not by the official route? Perhaps this is why it seems so common for people close to the grantmaker to get funded: they do get to have high-fidelity communication.
If this reads as cynicism, I’m sorry. For all I know, they’ve got perfect reasons for keeping me guessing. Perhaps they want me to generate a good model by myself, as a proof of competence? There’s always a high-trust interpretation and despite everything I insist on mistake theory.
The subscription model
My current boss talks to me for about an hour, about once a month. This is where I tell him how my work is going. If I’m off the rails somehow, this is where he would tell me. If my work was to become a bad investment for him, this is where he would fire me.
I had a similar experience back when I was doing RAISE. Near the end, there was one person from Berkeley who was funding us. About once a month, for about an hour, we would talk about whether it was a good idea to continue this funding. When he updated away from my project being a good investment, he discontinued it. This finally gave me the high-fidelity information I needed to decide to quit. If not for him, who knows for how much longer I would have continued.
So if I was going to attempt for a practical solution: train more grantmakers. Allow grantmakers to make exploratory grants unilaterally to speed things up. Fund applicants according to a subscription model. Be especially liberal with the first grant, but only fund them for a small period. Talk to them after every period. Discontinue funds as soon as you stop believing in their project. Give them a cooldown period between projects so they don’t leech off of you.
This topic seems even more relevant today compared to 2019 when I wrote it. At EAG London I saw an explosion of initiatives and there is even more money that isn’t being spent. I’ve also seen an increase in attention that EA is giving to this problem, both from the leadership and on the forum.
Increase fidelity for better delegation
In 2021 I still like to frame this as a principal-agent problem.
First of all there’s the risk of goodharting. One prominent grantmaker recounted to me that back when one prominent org was giving out grants, people would just frame what they were doing as EA, and then they would keep doing what they were doing anyway.
This is not actually an unsolved problem if you look elsewhere in the world. Just look at your average company. Surely employees like to sugarcoat their work a bit, but we don’t often see a total departure from what their boss wants from them. Why not?
Well I recently applied for funding to the EA meta fund. The project was a bit wacky, so we gave it a 20% chance of being approved. The rejection e-mail contained a whopping ~0.3 bits of information: “No”. It’s like that popular meme where a guy asks his girlfriend what she wants to eat, makes a lot of guesses, and she just keeps saying “no” without giving him any hints.
So how are we going to find out what grantmakers want from us, if not by the official route? Perhaps this is why it seems so common for people close to the grantmaker to get funded: they do get to have high-fidelity communication.
If this reads as cynicism, I’m sorry. For all I know, they’ve got perfect reasons for keeping me guessing. Perhaps they want me to generate a good model by myself, as a proof of competence? There’s always a high-trust interpretation and despite everything I insist on mistake theory.
The subscription model
My current boss talks to me for about an hour, about once a month. This is where I tell him how my work is going. If I’m off the rails somehow, this is where he would tell me. If my work was to become a bad investment for him, this is where he would fire me.
I had a similar experience back when I was doing RAISE. Near the end, there was one person from Berkeley who was funding us. About once a month, for about an hour, we would talk about whether it was a good idea to continue this funding. When he updated away from my project being a good investment, he discontinued it. This finally gave me the high-fidelity information I needed to decide to quit. If not for him, who knows for how much longer I would have continued.
So if I was going to attempt for a practical solution: train more grantmakers. Allow grantmakers to make exploratory grants unilaterally to speed things up. Fund applicants according to a subscription model. Be especially liberal with the first grant, but only fund them for a small period. Talk to them after every period. Discontinue funds as soon as you stop believing in their project. Give them a cooldown period between projects so they don’t leech off of you.