All of mkmkmk's Comments + Replies

I would be much more impressed by someone who is a regulare contributor  to a useful Open source project than someone who built a side project on their own. Working with others, reading other peoples code and having your code go through reviews is something that you wont get working on a personal project.

As someone pretty new to this forum and the effective altruism community (not the ideas though) it’s shocking to see how much money the EA community seems to spend on funding projects by it’s members.
 

$100,000  is significantly more money than most people earn per year, and a ton more than most blogs earn.

Maybe this is a good use of this money. I just wanted to express this in case folks who are used to this type of funding  forget how surprising it can be to a newcomer. 

6
Charles He
2y
The large prize size and other contest choices might be more principled and have a better explanation than it appears.   So my headcanon about what is going on is that they are aiming for the “tail value” of a strong publication. So the prize amount is to get writing of that quality.  Getting into these places could be incredibly valuable. But this access is not fungible by design (you shouldn’t be able to buy it with money). This explains why they don’t say this explicitly.  So that's basically a response to your comment. Maybe to see this another way, imagine telling someone, “Hey, want to get a prize for writing? It just has to be an interesting blog that is consistent with this thing called EA.” A lot of talented people might perk up and ask, what’s “interesting/EA”? I think that could be super valuable if well executed. With this amount, you can go into any community of writers in the world with that story. More headcanon: * Another model is to use many small grants. But there's less splashy publicity. It would also be harder to allocate smaller prizes, so many would go to existing EAs or their friends. That has a different theory of impact and seems less virtuous. * A big prize is easier to observe, and the results give an unusually clear feedback loop for the project. It's bad to add a lot of pressure to a new project, but the ceiling for the possible winners is high. * For disciplines/domains with lower funding, this sort of prize could be paradoxically more appropriate. It’s harder to see many other fields where this amount would be the top prize. Another reason the OP might be shy, is that “tail value” and “flow through effects” are spicier motivations, for a new project, even if the EV is large.   There are a lot of things going on, and maybe what I wrote above isn’t the heart of your question. If you care about the bigger issue of comp and history, there are some principled answers. But I'm just some random dude and it's not clear it's appro

In my prior career I worked with a lot of organizations that offered prizes and fellowships to artists, including writers. $100k is on the high side for a prestigious writer's fellowship, but not absurdly so. I see the amount as being well targeted for an experienced part-time writer who has been blogging on top of a day job or other commitments and wants to make the leap to full-time but doesn't feel like they have the runway. It feels harder for me to justify giving an award of that amount to a brand-new blogger; the counterfactual impact would have to be extremely clear.

6
anishazaveri
2y
I've been in EA for 5+years and I agree this is a shocking amount of money. Even assuming that starting a blog is useful, I doubt that the incentive for someone to start a blog would be substantially different if the prize was let's say $15,000
ab
2y49
0
0

Hello there, and welcome to the forum! I understand how the number can seem surprising, but here is a little more background from Nick that might have gotten buried below: "Yes, this is a serious amount of money. That said, writing a good blog takes a lot of time, and note that the expected value for any particular blogger will be relatively low. If 100 bloggers apply (which we expect to be a lower bound given the traction), it's $5k for the work of a part-time job over a year. Obviously, Cowen using the same number makes it a bit of a Shelling Point ... (read more)

I've been around for a few years and it definitely shocked me!

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