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Oh and this is similar to the approach that the Gates foundation is taking. As far as I can tell Gates approached this as an optimisation problem: given that he
by rjshade 14y ago
Oh and this is similar to the approach that the Gates foundation is taking. As far as I can tell Gates approached this as an optimisation problem: given that he has X billion dollars to give to charity, how can he maximise the effect that his donations have? How many lives can he save* with that money?
* lives saved is of course the wrong metric: no-one has ever saved a live, just prolonged it, but it's a convenient shorthand for maximising the number of quality adjusted life years (QALYs)[1] that a donation could buy.
[1] http://en.wikipedia.org/wiki/Quality-adjusted_life_year http://en.wikipedia.org/wiki/Quality-adjusted_life_year
- jessriedel 14y agoAll good stuff, but I'd want to emphasize that directing your philanthropy based on doing the most good does not require you to be a utilitarian, nor (if you are) does it require the utility function be denominated in QALYs.