FWIW, in the (rough) BOTECs we use for opportunity prioritization at Effective Institutions Project, this has been our conclusion as well. GCR prevention is tough to beat for cost-effectiveness even only considering impacts on a 10-year time horizon, provided you are comfortable making judgments based on expected value with wide uncertainty bands.
I think people have a cached intuition that “global health is most cost-effective on near-term timescales” but what’s really happened is that “a well-respected charity evaluator that researches donation opportunities with highly developed evidence bases has selected global health as the most cost-effective cause with a highly-developed evidence base.” Remove the requirement for certainty about the floor of impact that your donation will have, and all of the sudden a lot of stuff looks competitive with bednets on expected-value terms.
(I should caveat that we haven’t yet tried to incorporate animal welfare into our calculations and therefore have no comparison there.)
FWIW, in the (rough) BOTECs we use for opportunity prioritization at Effective Institutions Project, this has been our conclusion as well. GCR prevention is tough to beat for cost-effectiveness even only considering impacts on a 10-year time horizon, provided you are comfortable making judgments based on expected value with wide uncertainty bands.
I think people have a cached intuition that “global health is most cost-effective on near-term timescales” but what’s really happened is that “a well-respected charity evaluator that researches donation opportunities with highly developed evidence bases has selected global health as the most cost-effective cause with a highly-developed evidence base.” Remove the requirement for certainty about the floor of impact that your donation will have, and all of the sudden a lot of stuff looks competitive with bednets on expected-value terms.
(I should caveat that we haven’t yet tried to incorporate animal welfare into our calculations and therefore have no comparison there.)