UPDATE 5th Nov 2019: since this post went up, we have received ~£9,500 in donations and a further ~£4000 in backdated payments from residents. Following the latter, and adjusting costs for last 6 months downward to ~£5,100/month, our runway now extends ~3 months, to the beginning of Feb. Thanks for all the support, this is a great start to our latest fundraiser. We are working on more posts in the series listed below (will link to them in the list as they are completed).
This is a quick post to say that our financial situation is looking pretty dire right now. We were going to wait until “Giving Season” starts in December to start a fresh fundraiser, but now can’t afford to do that. We have several things in the pipeline to bolster our case (charity registration, compiling more outputs, more fundraising posts detailing the case for the hotel, hiring round for the Community & Projects Manager, refining internal systems), but they may not reach fruition in time unfortunately. If you are interested in donating, now is the perfect timing for you to have a large impact on the project! Happy to answer questions in the comments (have anticipated some below).
Relatively small amounts would allow us to keep things going long enough to gain the information needed to determine whether the experiment is/was worthwhile. As it is, if the project fails down to lack of funds now, we feel that we are leaving a lot of Value of Information on the table. Our costs are ~£5,700/month (based on the last 5 months’ spending). Even 1 month of funding will allow us some breathing space to get some of the work done.
To donate, and for more info (past posts making the case for the hotel), see: eahotel.org/fundraiser.
List of proposed posts for the continuation of this series (renewed runway permitting; provisional; linked when complete):
- EA Hotel Fundraiser 6: Concrete outputs after 17 months
- EA Hotel Fundraiser 7: Pitch focusing on case studies with counterfactuals
- EA Hotel Fundraiser 8: Life at the EA Hotel, and testimonials
- EA Hotel Fundraiser 9: Estimating the relative Expected Value of the EA Hotel (Part 2)
Thanks for asking, that's a good question.
It basically comes down to yield or return on investment (ROI). It seems quite common for utilitarianism and effective altruism to be related, and in the former to have some quantification of value and ratio of output per unit of input; one might say that the most ethical stance is to find the min / max optimization that produces the highest return. Whether EA demands or requires such an optimal maximum, or whether a suboptimal effectivity is still ethical, is an interesting but separate discussion.
So in a lot of the animal welfare threads, there is commonly some idea that they produce superior yield in ethical utility, usually because there is simply more biomass, it is much cheaper, etc. Even if I usually don't agree, there is still the basic quantification that provides a foundation for such an ethical claim.
Another example are environmental organizations such as Cool Earth, which gives x acres of rain forest preserved and y oxygen production or carbon sequestration for $ given. That is not exactly utility per se, but it is a good measure that could probably be converted into some units of generic utility.
For the EA Hotel, I am not sure what the yield is for $ given. In order to make a claim that x is the "best use" of resources, this sort of consideration is required and must be clear, IMO.
Consider that if allocation of resources for yield is an ethical decision, then asking for some clarification is not intended to be rude at all or an off-topic question, it is simply due diligence. Even if I have the funds to donate to the EA Hotel, if the yield is lower than the utility that can be produced by an alternative (and in fact competing) effort, then it is my ethical obligation to fund the alternative. Is it not?
Perhaps there is still a misunderstanding that my ask is overly aggressive or impolite; however, what is worse is for someone simply not to care and not to engage in the discussion. But from my perspective, the EA Forum is seemingly giving a pass to one of our own. Again, my ask is simply due diligence. For context, at £5.7k/month, I could fund the EA Hotel for over a year. However, does the EA Hotel provide better benefit than animal welfare efforts? Polio? Global warming? Political campaigns? Poverty alleviation?
The answer does not seem clear to me. Without that, it is difficult to proceed in making an ethical decision.