2min chapter

80,000 Hours Podcast cover image

#153 – Elie Hassenfeld on 2 big picture critiques of GiveWell's approach, and 6 lessons from their recent work

80,000 Hours Podcast

CHAPTER

The Importance of Expected Value in Philanthropy

I suppose I paid you this picture of Give Well as Big Focused, only on the best randomized controlled trials and so on. But I think that kind of has always been a misunderstanding or at least has been a misunderstanding for a long time. And maybe you're quite a bit more comfortable with risk and estimating probabilities and putting and doing expected value calculations than people appreciate. We're not taking a explicit, hitspace giving approach, but there's a lot that we're doing that is from that expected value framework.

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