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ThomasSittler comments on Effective Altruism Grants project update - Effective Altruism Forum

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Comment author: ThomasSittler 30 September 2017 09:00:14PM *  3 points [-]

Internally we value the average CEA staff hour at ~$75

This is $75 roughly in "EA money" (i.e. OpenPhil's last dollar), yes? It's significantly lower than I thought. However, I suspect that this intuition was biased (upward), because I more often think in terms of "non-EA money". In non-EA money, CEA time would have a much higher nominal value. But if you think EA money can be used to buy good outcomes very cost-effectively (even at the margin) then $75 could make sense.

Comment author: Paul_Christiano 01 October 2017 04:33:18PM 2 points [-]

However, I suspect that this intuition was biased (upward), because I more often think in terms of "non-EA money". In non-EA money, CEA time would have a much higher nominal value. But if you think EA money can be used to buy good outcomes very cost-effectively (even at the margin) then $75 could make sense.

Normally people discuss the value of time by figuring out how many dollars they'd spend to save an hour. It's kind of unusual to ask how many dollars you'd have someone else spend so that you save an hour.

Comment author: MichaelPlant 01 October 2017 12:50:13AM 1 point [-]

All this was hard to follow.

Comment author: Larks 07 October 2017 02:49:31PM 1 point [-]

EA money is money in the hands of EAs. It is argued that this is more valuable than non-EA money, because EAs are better at turning money into EAs. As such, a policy that cost $100 of non-EA money might be more expensive than one which cost $75 of EA money.

Comment author: Roxanne_Heston  (EA Profile) 02 October 2017 10:15:34AM 0 points [-]

Something we can do to clarify?

Comment author: ThomasSittler 01 October 2017 11:49:58AM 0 points [-]

I tried hard, but I agree it's still hard to follow :/

Comment author: Roxanne_Heston  (EA Profile) 02 October 2017 11:34:15AM 1 point [-]

For what it's worth, Owen thinks I should use at least double $75/hour, given the experience of the staff working on the project and the nature of the work.