Hi David, thanks for your interest in our work! I need to preface this by emphasizing that the primary purpose of the quantitative model was to help us assess the relative importance of and promise of engaging with different institutions implicated in various existential risk scenarios. There was less attention given to the challenge of nailing the right absolute numbers, and so those should be taken with a super-extra-giant grain of salt.
With that said, the right way to understand the numbers in the model is that the estimates were about the impact over 100 years from a single one-time $100M commitment (perhaps distributed over multiple years) focusing on a single institution. The comment in the summary about $100 million/year was assuming that the funder(s) would focus on multiple institutions. Thus, the 100 basis points per billion figure is the “correct” one provided our per-institution estimates are in the right order of magnitude.
We’re about to get started on our second iteration of this work and will have more capacity to devote to the cost-effectiveness estimates this time around, so hopefully that will result in less speculative outputs.
Hi David, thanks for your interest in our work! I need to preface this by emphasizing that the primary purpose of the quantitative model was to help us assess the relative importance of and promise of engaging with different institutions implicated in various existential risk scenarios. There was less attention given to the challenge of nailing the right absolute numbers, and so those should be taken with a super-extra-giant grain of salt.
With that said, the right way to understand the numbers in the model is that the estimates were about the impact over 100 years from a single one-time $100M commitment (perhaps distributed over multiple years) focusing on a single institution. The comment in the summary about $100 million/year was assuming that the funder(s) would focus on multiple institutions. Thus, the 100 basis points per billion figure is the “correct” one provided our per-institution estimates are in the right order of magnitude.
We’re about to get started on our second iteration of this work and will have more capacity to devote to the cost-effectiveness estimates this time around, so hopefully that will result in less speculative outputs.
Thanks for the clarification. I would say this is quite optimistic, but I look forward to your future cost-effectiveness work.