2min chapter

The Rich Roll Podcast cover image

Doing Good Better: William MacAskill on ‘Effective Altruism’ & How To Maximize Positive Global Impact

The Rich Roll Podcast

CHAPTER

Is There a 1% Chance of Saving a Million Lives?

Philip Klein: I think the way you should assess decisions like this is to look at the probability of success and how good success would be. And then go with what decision scientists call the expected value. He says a donation of $3,500 to the Against Malaria Foundation will save a life statistically. Klein: Sometimes people hear that and they're like, Oh, I thought it cost $5 to save a life. That's because charities often give very optimistic numbers.

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