First, sorry for the late reply. I thought I had sent it but it was still in autosave.
I had chatgpt analyze this paper on US House of Representatives. It finds that doubling spending for incumbents actually has ~no effect and in general you get about 4.5% increased win probability from doubling spending. You get the biggest gains for challengers with little name recognition. It also turns out that incumbents spend about $3M on a race and challengers spend about the same as well. So weāre talking about $3M to gain 4.5% extra chance of winning a house seat.
The paper goes on to explain that increases in spending faces increasingly diminishing returns.
To answer the question bluntly. Iāll just define past a certain point as 50% more than average spending. About 5% of races are ācloseā based on my crude metric of a margin of victory of less than 3 points.
Also, my criticism basically donāt apply (and in fact, I think we should be spending more money on) things like ballot initiatives and specific campaigns. Iām also much happier about things like primaries than general elections. If you are donating to just a generic race, even if itās close, I donāt think there is actually enough evidence that one party is much better than the other.
A lot of money is spent on politics already. Unless there is very very specific issues of EA concern, I donāt think itās worth donating to. There are tremendously good donation opportunities out there and political ads or Beyonce concerts arenāt among them IMO.
I wonāt say who it was (though they can out themselves) but someone convinced me that they do a donation strategy that I approve of. They donate to both sides to be able to lobby their congressperson on AI issues. I think this makes a lot of sense.
#changedmymind