I wonder whether this alters the calculus for whether to give to donor lotteries (as opposed to EA Funds)?
I personally think it doesn’t change it much. As you previously mentioned, there’s a risk of donors being biased against giving to funds and instead wanting to do their “own thing”; I hope that donor lottery winners will be able to overcome that.
It seemed at the time that the response was fairly sanguine about the possibility that individual donors (e.g. lottery winners) might make better allocations than the fund managers.
It’s worth noting that I only believe this under the assumption that the individual donors know about some specific opportunities that the fund managers are unaware of, or perhaps have significant worldview differences with the fund managers.
It’s worth noting that I only believe this under the assumption that the individual donors know about some specific opportunities that the fund managers are unaware of, or perhaps have significant worldview differences with the fund managers.
The long-term future fund can only give to people who apply for funding though (right?) whereas someone who wins a donor lottery can give literally anywhere. This seems another reason why a donor lottery winner might give better?
I don’t really think there’s a difference between the two:
The LTFF can encourage anyone to apply. Several of the grants of the current round are a result of proactive outreach to specific individuals. (This still involves filling in the application form, but that’s just because it’s slightly lower-effort than exchanging the same information via email.)
A donor lottery winner can only grant to individuals who submit due diligence materials to CEA, which also involves filling in some forms.
I personally think it doesn’t change it much. As you previously mentioned, there’s a risk of donors being biased against giving to funds and instead wanting to do their “own thing”; I hope that donor lottery winners will be able to overcome that.
It’s worth noting that I only believe this under the assumption that the individual donors know about some specific opportunities that the fund managers are unaware of, or perhaps have significant worldview differences with the fund managers.
The long-term future fund can only give to people who apply for funding though (right?) whereas someone who wins a donor lottery can give literally anywhere. This seems another reason why a donor lottery winner might give better?
I don’t really think there’s a difference between the two:
The LTFF can encourage anyone to apply. Several of the grants of the current round are a result of proactive outreach to specific individuals. (This still involves filling in the application form, but that’s just because it’s slightly lower-effort than exchanging the same information via email.)
A donor lottery winner can only grant to individuals who submit due diligence materials to CEA, which also involves filling in some forms.
OK thanks that makes sense