Evaluation Summary and Metrics: "A review of GiveWell's discount rate"

Evaluator 1, Evaluator 2, Kevin Kuruc, Julian Jamison, Davit Jintcharadze and David Reinstein

No 2026-01, The Unjournal Evaluations from The Unjournal

Abstract: We organized three evaluations of the Rethink Priorities report examining GiveWell's discount rate methodology. Evaluators generally affirmed the report's coverage of economic and philosophical literature on discounting. Key findings include agreement on certain GiveWell practices (zero pure time preference, social time preference approach) and disagreements regarding utility curvature treatment and health benefit discounting. A significant critique notes that discounting log consumption increases at 4% equates to over 7% for level-increases, materially affecting organization comparisons.

Date: 2026-01-26
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