Thanks for the update. Do you ever estimate the cost-effectiveness of potential grants? If not, why? From Giving What We Can’s evaluation of AWF (emphasis mine):
Fourth, we saw some references to the numbers of animals that could be affected if an intervention went well, but we didn’t see any attempt at back-of-the-envelope calculations to get a rough sense of the cost-effectiveness of a grant, nor any direct comparison across grants to calibrate scoring. We appreciate it won’t be possible to come up with useful quantitative estimates and comparisons in all or even most cases, especially given the limited time fund managers have to review applications, but we think there were cases among the grants we reviewed where this was possible (both quantifying and comparing to a benchmark) — including one case in which the applicant provided a cost-effectiveness analysis themselves, but this wasn’t then considered by the PI in their main reasoning for the grant.
Thanks for the update. Do you ever estimate the cost-effectiveness of potential grants? If not, why? From Giving What We Can’s evaluation of AWF (emphasis mine):