effective altruism: global leadership for high impact
TRANSCRIPT
Effective Altruism: Global Leadership for High ImpactEXCERPT: IMPACT OF A MANAGEMENT CLASS OF 62 STUDENTS
By Akilnathan Logeswaran 2015 | CEMS International Management Student | WU Wien | IIM Calcutta
Survey: How much do you expect your Annual Starting Salary (incl. bonus) to be? [in Euros]
TimestampAnnaul Starting Salary
6/24/2015 19:00:20 65000
6/24/2015 19:09:18 32000
6/24/2015 19:09:24 28000
6/24/2015 19:09:44 45000
6/24/2015 19:09:53 33000
6/24/2015 19:10:30 35000
6/24/2015 19:14:46 650006/24/2015 19:15:27 20006/24/2015 19:20:56 700006/24/2015 19:34:37 49000
TimestampAnnaul Starting Salary
6/24/2015 19:35:02 425006/24/2015 19:55:33 240006/24/2015 20:51:41 600006/24/2015 21:00:18 220006/24/2015 21:17:30 confidental6/24/2015 21:24:43 150006/24/2015 21:26:19 550006/24/2015 21:38:39 480006/24/2015 21:48:03 650006/24/2015 22:17:24 10000
Timestamp
Annaul Startin
g Salary
6/24/2015 22:45:23 550006/24/2015 22:58:12 320006/24/2015 22:59:16 45000
Calculations
Average 42,642.85
Total (62
students)2,643,857.14
5% donations
would amount to
132,192.86Calculations excluded time stamp 6/24/2015 19:15:27 & 6/24/2015 21:17:30.
2,643,857€
Total that the entire class of 62 management students is expected to earn in 2016
What effect could our class have in just one
year?!
Calculating Potential Impact of the CEMS Class of 2015 (62 Students)Total Salary
* 5% Donation
Selecting Weights
Selecting Organization Effectiveness Potential Impact
created by Class
2,643,857.14 * 5%
=
132,192.86 €
33.33%0.35€ for treatment to deworm a child
125,885 people dewormed
33.33%
31.34€ provides a child with school meal program for one year
1,405 children provided school meals for an entire year
33.33%44.64€ funds a cataract surgery for one person
987 people cured from blindness
Effectiveness evaluted by GiveWell, The Life You Can Save & Giving What We Can.
If we gave just 5% of our salary to effective NGOs…
125,885people dewormed
+
1,405children provided with school meals for the full year
+
987people cured from blindness
Effective Altruism:Are you an Altruist?
TEST: Would you push a button that gave you 10 euros AND inflict a horrible disease on a child?
Would you push the button?
Omission Bias: What if you already have the 10 euros, would you give them away in order to prevent a horrible disease in a child?
Currently there are: 2.5 billion people are living in extreme poverty (less than $ 2/day) 1 bilion people that lack access to clean water 800 people go to bed hungry every day 6 milion children die from preventable diseases every year… all while we live in the richest society that has ever been created.
Charity Evaluation: Top International Evaluating Organizations (Effective Altruism Supporters)
Give well helps donors decide where to give
Charities Evaluated: 8 top charities, >800 International
Members to evaluate: 18 full-time staff and 8 Conversation Notes Writers
Impact: $27.8 million moved to effective charities in 2014
Finance: http://www.givewell.org/about/FAQ#HowdoesGiveWellsupportitself
The Life You Can Save enhances and supports the Effective Altruism movement
Charities Evaluated: List of 15 top charities
Members to evaluate: 10 team members
Impact: $718,790 moved to effective charities in 2014
Finance: http://www.thelifeyoucansave.org/About-Us/Impact-Report
Giving What We Can dedicated to eliminating extreme poverty
Charities Evaluated: no primary research, list of top 4
Members to evaluate: 10 team members, volunteer work
Impact: For every $1 spend, up to $60 donated to effective charity
Finance: https://www.givingwhatwecan.org/about-us/our-finances
ACE dedicated to find & advocate for highly effective opportunities for improving the lives of animals
Charities Evaluated: top 3, >150 international
Members to evaluate: 8 team members, remote volunteers
Impact: $141,000 moved to most effective charities in 2014
Finance: http://www.animalcharityevaluators.org/about/transparency/budget/
Remember
128,277+lifes we could change in just one year
Short Introduction:Effective Altruism on TED
Beth Barnes (6 min) Peter Singer (17 min)
17,876+people already pledged to donate X% of the income
17,876+people already pledged to donate X% of the income
Sources (1/3) TED Talks:
Peter Singer: The why and how of effective altruism (17 min), https://www.youtube.com/watch?v=Diuv3XZQXyc
Effective Altruism | Beth Barnes (6 min), https://www.youtube.com/watch?v=LtWINl3C_7s
Choosing for effective altruism | Helen Toner (10 min), https://www.youtube.com/watch?v=zRmkk2PmNcY
Other videos available on YouTube:
Effective Altruism: Impact through Rationality - by Lucius Caviola and Adriano Mannino (58 min), https://youtu.be/O02-06mdkC4
Adriano Mannino: Effective altruism for all sentient beings (91 min), https://www.youtube.com/watch?v=rFPqBJewI60
Peter Singer: "Doing the Most Good: The Effective Altruism Movement“ (57 min), https://www.youtube.com/watch?v=JDiR6L9yuKM
Sources (2/3)Books on Effective Altruism:
Carey, R. (2015), The Effective Altruism Handbook
Singer, P. (2015), The Most Good You Can Do: How Effective Altruism is Changing Ideas about Living Ethically
Singer, P. (2010), The Life You Can Save: How to Do Your Part to End World Poverty
MacAskill, W. (2015), Doing Good Better: Effective Altruism and How You Can Make a Difference
Cousera Course by Princeton University: https://www.coursera.org/learn/altruism/
Organizations that evaluate causes and charities:
GiveWell, http://www.givewell.org/
The Life You Can Save, http://www.thelifeyoucansave.org/
Giving What We Can, https://www.givingwhatwecan.org/
Animal Charity Evaluators, http://www.animalcharityevaluators.org/
Sources (3/3) Short articles on effective altruism:
The Drowning Child and the Expanding Circle by Peter Singer
What is Effective Altruism? by William MacAskill
Cheerfully by Julia Wise
Other introductory articles on effective altruism can be found on effective-altruism.org.
Other useful effective altruism websites:
Effective Altruism, a network of individuals committed to effective altruism
80,000 Hours, a non-profit organization dedicated to enabling people to do the most good with their careers.