Executive summary: Effective cost-benefit analysis requires probabilistic thinking, transparency, iteration, and clear communication tailored to the audience, with an emphasis on real-world costs and investigative methods.
Key points:
Use Probabilistic Thinking – Always work with confidence intervals and probability distributions rather than point estimates.
Prioritize Transparency and Accessibility – Google Sheets enhances collaboration, reviewability, and comprehension for a broad audience.
Start Small and Iterate – Begin with a simple, minimal analysis and refine based on available data and stakeholder needs.
Investigate Real-World Costs – Use journalistic methods to gather practical cost estimates from industry experts rather than relying solely on academic sources.
Tailor Communication to Decision-Makers – Focus on clear, actionable insights rather than academic rigor, emphasizing practical impact over technical precision.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.
Executive summary: Effective cost-benefit analysis requires probabilistic thinking, transparency, iteration, and clear communication tailored to the audience, with an emphasis on real-world costs and investigative methods.
Key points:
Use Probabilistic Thinking – Always work with confidence intervals and probability distributions rather than point estimates.
Prioritize Transparency and Accessibility – Google Sheets enhances collaboration, reviewability, and comprehension for a broad audience.
Start Small and Iterate – Begin with a simple, minimal analysis and refine based on available data and stakeholder needs.
Investigate Real-World Costs – Use journalistic methods to gather practical cost estimates from industry experts rather than relying solely on academic sources.
Tailor Communication to Decision-Makers – Focus on clear, actionable insights rather than academic rigor, emphasizing practical impact over technical precision.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.