As EA moves towards more uncertain interventions, expected value calculations become more uncertain, more prone to motivated reasoning and more prone to self-serving biases.
Here are 3 key ways we could protect against self-serving biases and other forms of motivated reasoning in expected value calculations:
- Have two (or more) individuals, or groups, independently calculate the expected value of a decision and compare results
- In expected value calculations, identify a theoretical cost at which the intervention would no longer be approximately maximising expected value from the resources
- Keep in mind that EA aims to make decisions that approximately maximise expected value from a set of resources, rather than just make decisions which just have net positive expected value