If you are concerned your stance on population ethics does not align with the GiveWell median, please download an editable copy of GiveWell’s CEA and input your own values for rows 7, 53, 63, and 64, rather than discounting GiveWell’s bottom-line cost-effectiveness estimate by some factor to account for expected differences in population ethics. We lay out some considerations for how to do that in this blog post, with respect to the Against Malaria Foundation.
The GiveWell Blog
We’ve recently been writing about the shortcomings of formal cost-effectiveness estimation (i.e., trying to estimate how much good, as measured in lives saved, DALYs or other units, is accomplished per dollar spent). After conceptually arguing that cost-effectiveness estimates can’t be taken literally when they are not robust, we found major problems in one of the… Read More
When we started GiveWell, we were very interested in cost-effectiveness estimates: calculations aiming to determine, for example, the “cost per life saved” or “cost per DALY saved” of a charity or program. Over time, we’ve found ourselves putting less weight on these calculations, because we’ve been finding that these estimates tend to be extremely rough… Read More
Two notes on this post: This post discusses flaws in a particular published cost-effectiveness estimate for deworming. It should not be taken as a general argument against deworming as a promising intervention, and it does not address various other publications on deworming including the 2003 paper by Edward Miguel and Michael Kremer. Prior to publication,… Read More
While some people feel that GiveWell puts too much emphasis on the measurable and quantifiable, there are others who go further than we do in quantification, and justify their giving (or other) decisions based on fully explicit expected-value formulas. The latter group tends to critique us – or at least disagree with us – based… Read More
We’ve long had mixed feelings about cost-effectiveness estimates of charitable programs, i.e., attempts to figure out “how much good is accomplished per dollar donated.” The advantages of these estimates are obvious. If you can calculate that program A can help much more people – with the same funds, and in the same terms – than… Read More