First, we’ve looked at the effect of therapy under our current moral weights, which we use to trade off outcomes like increasing consumption, averting deaths, and averting morbidity. Under this approach and using the effect of depression on DALYs, we find similar cost-effectiveness between therapy and cash transfers.
What is the conversion rate here between DALYs and income increases, and on what is it based? I’m not sure what method could be being used here except by inputting one’s intuitions. In which case, it would be good to make that clear, as people may think the conversation rate is an authoritative fact, rather than (just) an opinion. It would be interesting to state how much readers’ opinions would need to differ from GiveWell’s to reach alternative conclusions!
To bang a familiar drum, the reason to use subjective wellbeing measures is that we can observe how much health and income changes improve wellbeing, rather than having to guess.
What is the conversion rate here between DALYs and income increases, and on what is it based? I’m not sure what method could be being used here except by inputting one’s intuitions. In which case, it would be good to make that clear, as people may think the conversation rate is an authoritative fact, rather than (just) an opinion. It would be interesting to state how much readers’ opinions would need to differ from GiveWell’s to reach alternative conclusions!
To bang a familiar drum, the reason to use subjective wellbeing measures is that we can observe how much health and income changes improve wellbeing, rather than having to guess.