Projects that the EAV team and expert evaluators think might be better in expectation than AMF. I used the other phrasing because we do two stages of evaluation. At the first, we discard projects that “are not plausible better in expectation than AMF” where that means that it is not plausible that further evidence will show the project to be more worth funding.
We should talk on Skype about how to accurately model the crossover point between when a project is better than AMF and worse than AMF given certain amounts of funding. I agree that this would be valuable, but I don’t yet know how to determine this.
This is a great initiative, and a helpful write—up. Thanks Kerry.
So you want to find ventures that are expected to be better than the most effective charity (or thereabouts) in the world?
I’m a bit worried that you will rule out many fantastically valuable ventures that may be discouraged or not stimulated from happening otherwise.
If these ventures were to use only EA funds or mainly EA funds, then that would be right.
However, if the ventures have a (lets say 10% chance) of growing out of the EA world and getting funding that wouldn’t otherwise be attracted, and are only 1⁄5 as effective as AMF, but when they do they last for 40 years and wouldn’t be done otherwise, then it could still be worth giving them?
Further, the learning from the process might be worth something significant if its a necessary barrier to becoming an uber-effectiveness incubator?
Obviously you want to take the highest expected value anyway so this might be an academic discussion.
Haha, had a look at the people behind this—forget what I said—I’m sure that between all the funders/backers you’ve got more than enough learning to identify projects that are better than AMF. Good luck!
Projects that the EAV team and expert evaluators think might be better in expectation than AMF. I used the other phrasing because we do two stages of evaluation. At the first, we discard projects that “are not plausible better in expectation than AMF” where that means that it is not plausible that further evidence will show the project to be more worth funding.
We should talk on Skype about how to accurately model the crossover point between when a project is better than AMF and worse than AMF given certain amounts of funding. I agree that this would be valuable, but I don’t yet know how to determine this.
This is a great initiative, and a helpful write—up. Thanks Kerry.
So you want to find ventures that are expected to be better than the most effective charity (or thereabouts) in the world?
I’m a bit worried that you will rule out many fantastically valuable ventures that may be discouraged or not stimulated from happening otherwise.
If these ventures were to use only EA funds or mainly EA funds, then that would be right.
However, if the ventures have a (lets say 10% chance) of growing out of the EA world and getting funding that wouldn’t otherwise be attracted, and are only 1⁄5 as effective as AMF, but when they do they last for 40 years and wouldn’t be done otherwise, then it could still be worth giving them?
Further, the learning from the process might be worth something significant if its a necessary barrier to becoming an uber-effectiveness incubator?
Obviously you want to take the highest expected value anyway so this might be an academic discussion.
Haha, had a look at the people behind this—forget what I said—I’m sure that between all the funders/backers you’ve got more than enough learning to identify projects that are better than AMF. Good luck!