In a previous post, Max suggested two key ways of thinking about diminishing returns: funding gaps and returns functions. He also set out two classes of considerations that are generally desirable in models: closeness of fit and clarity.
As organisations receive more funding, the value of extra funding changes. This is relevant for donation decisions. People have used various concepts to discuss this feature:
It is well known that an extra dollar is worth less when you have more money. This paper describes the way economists typically model that effect, using that to compare the effectiveness of different interventions. It takes remittances as a particular case study.
The article Effective altruism: an elucidation and a defence has been revised. The revisions concern the counterfactual impact of donations. The advice that the Open Philanthropy Project gives to Good Ventures changed in 2016. Our paper originally set out the advice given in 2015.
CEA have now officially completed Y Combinator (YC) and so in this month’s update I wanted to share with you what we learned and achieved as a result in Q1 and the sorts of things CEA is planning to prioritise and why in Q2.