I wrote that most of GPT-4’s suggestions were “obvious or unhelpful.” I would include the ones you pointed to in this box. Pilot funding and tiered grants are presumably things you already do implicitly—e.g. by not committing funding for multiple years in one go, or by not giving huge resources to grantees that you don’t think highly of—and where you wouldn’t benefit much from making this more explicit. And mentorship or guidance seems unhelpful because it’s much too time-costly.
I’m guessing that GPT-4 is trying to point to ‘ways to lower the information asymmetry’ characteristic of adverse selection. All three of these methods give money-cheap ways of gaining more information before making money-expensive decisions.
No problem, thanks for engaging!
I wrote that most of GPT-4’s suggestions were “obvious or unhelpful.” I would include the ones you pointed to in this box. Pilot funding and tiered grants are presumably things you already do implicitly—e.g. by not committing funding for multiple years in one go, or by not giving huge resources to grantees that you don’t think highly of—and where you wouldn’t benefit much from making this more explicit. And mentorship or guidance seems unhelpful because it’s much too time-costly.
I’m guessing that GPT-4 is trying to point to ‘ways to lower the information asymmetry’ characteristic of adverse selection. All three of these methods give money-cheap ways of gaining more information before making money-expensive decisions.