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#36 William MacAskill: The Science of Doing Good

Jul 11, 2018 1h 6m 29 insights
On this episode of The Knowledge Project, I’m happy to have William MacAskill. William is the co-founder and President of the Centre for Effective Altruism (CEA) and an Associate Professor in Philosophy at Oxford University. He is also the founder and president of 80,000 Hours, the co-founder and vice-president of Giving What We Can, and the author of Doing Good Better: Effective Altruism and a Radical New Way to Make a Difference. William’s work is primarily focused on encouraging people to use reason and evidence to find the best possible ways they can use their resources to make the biggest possible impact in the world. We cover a lot of ground in this interview, including: Why good intentions aren’t enough when giving to charity and how we can do better How William's giving philosophy was formed and how it developed into The Centre for Effective Altruism The best metrics to assess how good a charity is before donating a dime How letting our emotions guide our charitable giving can lead to ineffective, and sometimes harmful outcomes. How many charities today unknowingly reward low dollar donors and sell themselves short millions of dollars in potential donations A powerful thought exercise to help you gain a different but valuable perspective about helping the poor and suffering in the world The one cognitive bias William believes is the most damaging to any business, organization or individual William’s foundational values that guide his day to day decisions and actions William’s take on “radical honesty” and when honesty can be taken too far and is no longer constructive William’s definition of success and the imaginary conversation he has with himself on his deathbed to make sure he’s on the right track (this is awesome) The most common mistake William sees people make over and over (and the embarrassingly simple way to avoid making it) And then to wrap up, I gave him a softball question: What is the purpose and meaning of life? If you’ve wanted to make more of a positive impact in the world around you, this insightful interview will give you plenty to think about. Your resources are precious and should be optimized to improve the lives of those you help. I don’t know of a better person to guide you than William. *** Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish
Actionable Insights

1. Maximize Others’ Well-being

Ground your foundational values in maximizing the well-being and happiness of others, striving for actions that increase positive mental states and reduce suffering for the greatest number of people.

2. Define Success by World Impact

Define personal success in terms of the positive impact made on the world and contribution to humanity’s flourishing, as this perspective is more likely to lead to a meaningful and fulfilling life than the pursuit of financial gain or status alone.

3. Apply Scientific Rigor to Altruism

Approach charitable giving and efforts to do good with scientific rigor, evidence, and argument, rather than being solely emotion-driven, to ensure maximum positive impact and avoid ineffective programs.

4. Combat Overconfidence, Calibrate Beliefs

Actively work to reduce overconfidence in your beliefs and probability assessments by engaging in calibration exercises, which help you internalize what different likelihood percentages truly mean.

5. Embrace Intellectual Humility

Cultivate intellectual humility by becoming ambivalent when an equally intelligent and well-reasoned person holds an opposing view, recognizing their equal likelihood of being correct and fostering an environment where the best argument prevails.

6. Invest Years in Career Exploration

Dedicate a significant amount of time, even a few years, early in your career to try out various types of work to identify the area where you can achieve the most impact and develop deep interest, despite social pressures to accelerate.

7. Earn to Give for Greater Impact

Explore high-earning career paths with the intention of donating a substantial portion of your income, as this strategy can often generate more philanthropic impact than directly working in the non-profit sector.

8. Prioritize Career Personal Fit

When choosing a career, especially among plausibly impactful options, prioritize ‘personal fit’ by considering where you could become highly skilled and passionate after significant investment, rather than just current passions or skills.

9. Cultivate Passion Through Mastery

Understand that passion often arises from achieving mastery in a subject or area, rather than being a prerequisite; invest time and effort to become proficient, and deep interest will likely develop.

10. Research Before Acting

Avoid the common mistake of ‘reinventing the wheel’ by always investigating how others have successfully accomplished a given task or goal, seeking out existing information, books, or direct advice from those with experience.

11. Prioritize Saving Lives Over Luxuries

Re-evaluate personal spending on luxuries, considering that the same money could statistically save a child’s life in a poor country through effective interventions like distributing bed nets.

12. Commit to Lifetime Giving Threshold

Calculate your financial needs for a happy life and commit to donating all income earned above that baseline to charity, potentially giving away a significant portion of lifetime earnings.

13. Annual Income-Based Charitable Giving

Donate income above a predetermined baseline once a year to maintain accountability and potentially achieve greater impact, as money donated earlier can compound in impact more effectively than financial investments.

14. Give Early for Compounding Impact

Prioritize giving charitably earlier in life, as the impact of donations can compound over time, especially in growing cause areas, potentially yielding greater returns than typical financial investments.

15. Support Independent Charity Evaluators

To combat bureaucracy and inefficiency in philanthropy, support and rely on independent institutions that rigorously assess non-profits, providing essential feedback and guiding donations to the most impactful organizations.

16. Consult Expert Charity Evaluators

To find highly effective giving opportunities, consult expert charity evaluators like GiveWell for global health and development, and the Open Philanthropy Project for strategic, long-term focused cause areas, both known for their transparency and rigorous research.

17. Prioritize Impact: More Lives, Greater Need

When choosing charitable interventions, prioritize those that can save a thousand lives over one, or save a life over curing a broken leg, focusing on maximizing the number of people benefited and the severity of the problem addressed.

18. Measure Giving with QALYs or Income

Evaluate the effectiveness of charitable giving by measuring the return using metrics such as ‘Quality-Adjusted Life Years’ (QALYs), which combine life extension and quality of life improvement, or by the percentage increase in beneficiaries’ income.

19. Verify Programs with High-Quality Evidence

Recognize that even well-intentioned programs can be actively harmful; always verify their effectiveness using high-quality evidence such as randomized controlled trials and meta-analyses, rather than relying on anecdotal feedback.

20. Expand Cause Areas Beyond RCTs

Broaden your philanthropic focus beyond traditional global health and development to include areas like the long-term future of humanity, recognizing that effective interventions in these areas may rely on less quantitative evidence.

21. Prefer Limited-Life Foundations

When considering philanthropic structures, favor limited-life foundations that spend down their endowments over a set period, as perpetual foundations can become misaligned with original goals or address problems that are no longer relevant.

22. Use Veil of Ignorance

Employ the ‘Veil of Ignorance’ thought experiment – imagining how you would structure society if you didn’t know your own position within it – to develop more impartial and just moral views.

23. Challenge ‘Charity Starts at Home’

Actively challenge the ‘charity starts at home’ mindset by acknowledging the equal moral value of all individuals, regardless of their country of birth, and recognizing that greater impact can often be achieved by assisting the extremely poor globally.

24. Philanthropy as Last Defense

Understand philanthropy’s role as a ’last line of defense’ for societal problems that are not effectively solved by market forces or government action, particularly for vulnerable populations or future generations.

25. Taxes Are Not Charity

Avoid the misconception that paying taxes is a form of charity, as taxes primarily fund public goods and services that are fundamental prerequisites for earning income and maintaining a functional society.

26. Government: Global Goods, Health, Cash

If in a position of government influence, prioritize investment in global public goods such as medical research, heavily focus development aid on global health, and rigorously test the effectiveness of all spending against direct cash transfers to the poor.

27. Be Honest, Avoid Radical Honesty

Strive for general honesty and aim to never lie, but avoid the extreme of ‘radical honesty’ that disregards the symbolic value of language or can be used insensitively, as words carry more than literal meaning.

28. Express Positive Feelings Proactively

Make an effort to proactively express positive feelings, appreciation, and respect for others, rather than holding back due to social reservations, as this can significantly improve relationships and well-being.

29. Contribute to Improve Lives

Find meaning and purpose in life by striving to contribute in ways that improve others’ lives as much as possible, and for humanity as a whole, by safeguarding its long-term future.