A question I've long had about @GiveWell. Anyone have any thoughts? cc @ch402 @albrgr @tylercowenpic.twitter.com/Z8NHOtdSuI
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but I don't think that the right model-if cost-effectiveness is more power law, lowering bar could make outcomes much worse
The same argument in the investment world would suggest not to invest in funds, but try to pick winners
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standard case for diversification in investing has a lot to do with risk aversion, doesn't seem like it applies in charity.
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I think a different argument still applies, which is that (at scale) it's a mistake to only allocate money to a few winners.
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