Summary
- I Fermi estimate the cost-effectiveness of epidemic/pandemic preparedness is 0.00236 DALY/$.
- Relative to the above, I calculate GiveWell’s top charities are 4.12 times as cost-effective, and corporate campaigns for chicken welfare, such as the ones supported by The Humane League (THL), 6.35 k times.
Calculations
My calculations are in this Sheet.
I Fermi estimate the cost-effectiveness of epidemic/pandemic preparedness of 0.00236 DALY/$ multiplying:
- The expected annual epidemic/pandemic disease burden of 68.2 MDALY. I obtained this from the product between:
- The expected annual epidemic/pandemic deaths of 1.61 M, which I determined multiplying:
The epidemic/pandemic deaths per human-year from 1500 to 2023 of 1.98*10^-4, which is the ratio between 160 M epidemic/pandemic deaths, and 808 G human-years from Marani et. al 2021[1].
- The population predicted for 2024 of 8.12 G.
- The disease burden per death in 2021 of 42.4 DALY.
- The expected annual epidemic/pandemic deaths of 1.61 M, which I determined multiplying:
- The relative reduction of the expected annual epidemic/pandemic disease burden per annual cost of 3.46 %/G$. I got this aggregating the following estimates with the geometric mean:
- 8 %/G$ (= 0.2/(250*10^9/100)), which is based on Millett & Snyder-Beattie 2017:
- “We extend the World Bank's assumptions to include bioterrorism and biowarfare—that is, we assume that the healthcare infrastructure would reduce bioterrorism and biowarfare fatalities by 20%”.
- “We calculate that purchasing 1 century's worth of global protection in this form would cost on the order of $250 billion, assuming that subsequent maintenance costs are lower but that the entire system needs intermittent upgrading”.
- 1.5 %/G$ (= 0.3/(20*10^9)), which is based on Bernstein et. al 2022:
- 30 % is the mean between 10 % and 50 %, which are the values studied in Table 2.
- “We find that the sum of our median cost estimates of primary prevention (~$20 billion) are ~1/20 of the low-end annualized value of lives lost to emerging viral zoonoses and <1/10 of the annualized economic losses”.
- 8 %/G$ (= 0.2/(250*10^9/100)), which is based on Millett & Snyder-Beattie 2017:
Relative to epidemic/pandemic preparedness, I calculate:
- GiveWell’s top charities are 4.21 (= 0.00994/0.00236) times as cost-effective.
- Corporate campaigns for chicken welfare, such as the ones supported by THL, are 6.35 k (= 15.0/0.00236) times as cost-effective.
- ^ 1 G stands for 1 billion. I assumed 5 k deaths (= (0 + 10)/2*10^3) for epidemics/pandemics qualitatively inferred (said) to have caused less than 10 k deaths, which are coded as having caused -999 (0) deaths. I also considered the deaths from COVID-19, which is not in the original dataset.
Thanks for the comment, Joshua!
Because we do not know the relative reduction in the expected annual deaths caused by their proposed measures, right? I guess their values are optimistic, such that GiveWell's top charities are more than 4.12 times as cost-effective.