canonical arguments for focusing on cost-effectiveness involve GHW-specific examples, that don’t clearly generalize to the GCR space.
I am not sure I understand the claim being made here. Do you believe this to be the case, because of a tension between hits based and cost-effective giving?
If so, I may disagree with the point. Fundamentally if you’re an “hit” grant-maker, you still care about (1) The amount of impact as a result of a hit (2) the odds on getting a hit (3) Indicators which may lead up to getting a hit (4) The marginal impact of your grant.
1&2) Require solid theory of change, and BOTEC EV calculations 3) Good M&E
Fundamentally, I wouldn’t see much of a tension between hits based and cost-effective giving, other than a much higher tolerance for risk.
I am not sure I understand the claim being made here. Do you believe this to be the case, because of a tension between hits based and cost-effective giving?
If so, I may disagree with the point. Fundamentally if you’re an “hit” grant-maker, you still care about (1) The amount of impact as a result of a hit (2) the odds on getting a hit (3) Indicators which may lead up to getting a hit (4) The marginal impact of your grant.
1&2) Require solid theory of change, and BOTEC EV calculations
3) Good M&E
Fundamentally, I wouldn’t see much of a tension between hits based and cost-effective giving, other than a much higher tolerance for risk.