Tim Ferriss

Will MacAskill on Effective Altruism, Y Combinator, and Artificial Intelligence (#120)

Will green background, picture by Sam Deere

Will MacAskill (Photo: Sam Deere)

“We want to disaggregate benefits and aggregate costs.” – William MacAskill

Will MacAskill (@willmacaskill) is an Associate Professor in Philosophy at Lincoln College, Oxford. Just 28 years old, he is likely the youngest associate (i.e. tenured) professor of philosophy in the world.

Will is the author of Doing Good Better and a co-founder of the “effective altruism” movement. He has pledged to donate everything he earns over ~$36,000 per year to whatever charities he believes will be most effective.

He has also cofounded two well-known non-profits: 80,000 Hours, which provides research and advice on how you can best make a difference through your career, and Giving What We Can, which encourages people to commit to give at least 10% of their income to the most effective charities. Between them, they have raised more than $450 million in lifetime pledged donations, and are in the top 1% of non-profits in terms of growth.

He is one of the few non-profit founders who have gone through Y Combinator; for-profit companies get $120,000 for 7% of equity; as a non-profit, 80,000 Hours got $100,000 for 0% of equity.

In this episode, we discuss his story and a ton of actionable tips, including:

  • Why “following your passion” in a career is often a mistake.
  • Thought experiments: Pascal’s Wager versus Pascal’s Mugging.
  • Why working for a non-profit straight out of college is also a mistake.
  • How it’s possible to “hack” doing good in the same way you would a business.
  • Implications of artificial intelligence.
  • The best ways to really evaluate if you (or charities) are going good in the world.
  • The reasons donating to disaster relief typically isn’t the best use of your money.
  • Why ethical consumerism typically isn’t a great way to do good.
  • Running a non-profit in the Harvard/Navy SEALs of startup incubators: Y Combinator.

You can find the transcript of this episode here. Transcripts of all episodes can be found here.

#120: Will MacAskill on Effective Altruism, Y Combinator, and Artificial Intelligence

Want to hear another podcast related to philosophy from a world class philosopher? — Listen to my conversation with Sam Harris. In this episode, we discuss his daily routines, the Trolley Scenario, and 5 books everyone should read (stream below or right-click here to download):

Ep. 14: Sam Harris, PhD – Spirituality, Neuroscience, Meditation, and More

This podcast is also brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last 2 years and now has more than $2.5B under management. In fact, some of my good investor friends in Silicon Valley have millions of their own money in Wealthfront. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams.

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QUESTION(S) OF THE DAY: What is your favorite charity and why do you donate? Please let me know in the comments.

Scroll below for links and show notes…

Enjoy!

Selected Links from the Episode

Show Notes

  • The significance of the colleges within Oxford [7:30]
  • How do you answer the question, “what do you do?” [8:05]
  • How to take a scientific approach to doing good [9:25]
  • Common mistakes when giving [10:40]
  • The differences between GiveWell.org, CharityNavigator, and a framework for examining the quality of charitable organizations [11:45]
  • On the effect of disaster relief [13:10]
  • Will MacAskill’s approach to becoming the youngest tenured philosophy professor in the world [14:33]
  • MacAskill’s philosophy role models [23:05]
  • On Peter Singer and the Trolly Scenario [26:20]
  • On the decision between charity spending for the poorest of the poor and investing in future generations [47:25]
  • The characteristics of a selfish charitable event [55:50]
  • Suggestions for activities that charities should stop doing [58:45]
  • The story of being accepted as a non-profit Y Combinator company [1:02:20]
  • The most important skills and information learned at Y Combinator [1:06:45]
  • Most common debates with participants and partners at Y Combinator [1:13:15]
  • Where do your favorite philosophical frameworks have trouble in the real world? [1:16:35]
  • On the different motivations between non-profit and profit-driven Y Combinator [1:19:35]
  • Is it better to give now or give (more significantly) later? [1:23:20]
  • Why pursuing your passion might be a mistake [1:29:05]
  • Most gifted books [1:35:15]
  • Will MacAskill’s daily meditation practice [1:38:40]
  • Daily rituals: breakfast, fitness, and valuable sleep practices [1:43:45]
  • Favorite documentaries and movies [1:57:35]
  • If you could put a billboard anywhere and write anything on it, where would it be and what would it say? [2:03:20]
  • Thoughts on artificial intelligence [2:03:50]
  • Will competitive drive and the desire to generate wealth override a safe method of developing artificial intelligence? [2:10:35]
  • What existential threat to mankind worries you the most or is the most underrated? [2:14:00]
  • Advice to your 20-year-old self [2:16:20]
  • A framework for making important life decisions [2:18:05]
  • An ask of the audience [2:23:10]

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