Can you say more about the 20% per year discount rate for community building?
In particular, is the figure meant to refer to time or money? I.e. does it mean that
you would trade at most 0.8 marginal hours spent on community building in 2024 for 1 marginal hour in 2023?
you would trade at most 0.8 marginal dollars spent on community building in 2024 for 1 marginal dollar spent on community building in 2023?
something else? (possibly not referring to marginal resources?)
(For money a 20% discount rate seems very high to me, barring very short timelines or something similar. It would presumably imply that you think Open Phil should be spending much more on community building until the marginal dollar doesn’t have such high returns anymore?)
Can you say more about the 20% per year discount rate for community building?
In particular, is the figure meant to refer to time or money? I.e. does it mean that
you would trade at most 0.8 marginal hours spent on community building in 2024 for 1 marginal hour in 2023?
you would trade at most 0.8 marginal dollars spent on community building in 2024 for 1 marginal dollar spent on community building in 2023?
something else? (possibly not referring to marginal resources?)
(For money a 20% discount rate seems very high to me, barring very short timelines or something similar. It would presumably imply that you think Open Phil should be spending much more on community building until the marginal dollar doesn’t have such high returns anymore?)
I honestly have mostly heard this in an offhanded way which doesn’t differentiate well between the two, but I think closer to (1).