This is great, thanks Michael. I wasn’t aware of the recent 2022 paper arguing against the Stevenson/Wolfers result. A couple questions:
In this talk (starting around 6:30), Peter Favaloro from Open Phil talks about how they use a utility function that grows logarithmically with income, and how this is informed by Stevenson and Wolfers (2008). If the scaling were substantially less favorable (even in poor countries), that would have some fairly serious implications for their cost-effectiveness analysis. Is this something you’ve talked to them about?
Second, just curious how the Progress Studies folk responded when you gave this talk at the Austin workshop.
This is great, thanks Michael. I wasn’t aware of the recent 2022 paper arguing against the Stevenson/Wolfers result. A couple questions:
In this talk (starting around 6:30), Peter Favaloro from Open Phil talks about how they use a utility function that grows logarithmically with income, and how this is informed by Stevenson and Wolfers (2008). If the scaling were substantially less favorable (even in poor countries), that would have some fairly serious implications for their cost-effectiveness analysis. Is this something you’ve talked to them about?
Second, just curious how the Progress Studies folk responded when you gave this talk at the Austin workshop.