I understood it as the combination of the 100x Multiplier discussed by Will MacAskill in Doing Good Better (referring to the idea that cash is 100x more valuable for somebody in extreme poverty than for someone in the global top 1%), and GiveWell’s current bar for funding set at 8x GiveDirectly. This would mean that Open Philanthropy targets donation opportunities that are at least 800x (or more like 1000x on average) more impactful than giving that money to a rich person.
Yeah, see this Open Philanthropy post. Or think about the difference in funding for an additional dollar to someone living on $500/year vs an additional dollar given to someone living on $50k, given log utility.
Does “1000x” refer to something in particular, or are you just saying that the GiveWell top charities set a high bar?
I understood it as the combination of the 100x Multiplier discussed by Will MacAskill in Doing Good Better (referring to the idea that cash is 100x more valuable for somebody in extreme poverty than for someone in the global top 1%), and GiveWell’s current bar for funding set at 8x GiveDirectly. This would mean that Open Philanthropy targets donation opportunities that are at least 800x (or more like 1000x on average) more impactful than giving that money to a rich person.
Yeah, see this Open Philanthropy post. Or think about the difference in funding for an additional dollar to someone living on $500/year vs an additional dollar given to someone living on $50k, given log utility.