All of Michiel's Comments + Replies

One of the things I find hard is the externalities, because often there are tons of things that a company is influencing. For example, with Heroes & Friends (our company) we try to built a platform for social movements (NGOs, social enterprises, etc.) and we don't control who is using it. So it can be used for ineffective movements but also highly effective ones. However, in our view we see a new society emerging where people take action themselves and take responsibility to improve their own community and help other people too. So on the surface it mi... (read more)

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Michael_PJ
6y
I think it's worth trying to have a toy model of this, even if it's mostly big boxes full of question marks. Going down to the gears level can be very helpful. For example, it can help you answer questions like "how much good does doing X for one person have to do for this to be worth it?", or "how many people do we need to reach for this to be worth it?". You might also realise that all your expected impact comes from a certain class of thing, and then try and do more of that or measure it more carefully. Which externalities to include is a tough question! In most examples I think there are a few that are "obviously" the most important, but that's just pumping my intuition and probably missing some things. I think often this is a case of building out your "informal model" of the project: presumably you think it will be good, but why? What is it about the project that could be good (or bad)? If you can answer those questions you have at least a starting point. One final thing: when I say "negative externality" I mean something that's actively bad. It seems unlikely that people using your platform for ineffective projects is bad, but rather neutral (since we think they're not very effective). What might be bad could be e.g. reputational damage from being associated with such things.

It was a really informative and good read, thanks for being so specific. I think I've got a high potential project that can play a huge role in ending Malaria and it needs funding quite soon (2-3 weeks), so I'm supporting them in a funding round. They only need €12.000,- more, would we be able to join the EA grants even before the next round has started?