(Status: not draft amnesty, but posting in that spirit, since it's not as good as I'd want it to be but otherwise I probably won't ever post it)
In my experience, EA so far has been a high-trust community. That is, people generally trust other people to behave well and in accordance with the values of the community.
Being high-trust is great! It means that you can spend more time getting on with stuff and less time carefully checking each other for bad behaviour. It's also just nicer: It feels good and motivating to be trusted, and it is reassuring to support people you trust to do work.
I feel like a lot of posts I've seen recently have been arguing for the community to move to a low-trust regime, particularly with respect to EA organizations. That includes calls for:
- More transparency ("we need to rigorously scrutinise even your small actions in case you're trying to sneak bad behaviour past us")
- More elaborate governance ("there is a risk of governance capture and we need to seriously guard against it", "we don't trust the people currently doing governance")
Sometimes you have to move to low-trust regimes. It's common that organizations tend to move from high-trust to low-trust as they grow, due to the larger number of actors involved who can't all be assumed to be trustworthy. But I do not think that the EA community actually has the problems that require low-trust, and I think it would be very costly.
Specifically, I want to argue:
- Low-trust regimes are expensive, both in terms of resources and morale
- The people working in current EA orgs are in fact very trustworthy
- The EA community should remain high-trust (with checking)
Low-trust is costly
Low-trust regimes impose costs in at least three ways:
- Costlier cooperation
- Costlier delegation
- General efficiency taxes
The post Bad Omens in current EA Governance argues that due to the possibility of conflicts of interest we should break up the organisations which currently share ops support through EVF. This is a clear example of 1: if we can't trust people then we can't just share our resources, we have to keep everyone at arm's length. You can read in the comments various people explaining why this would be quite expensive.
Similarly, you can't just delegate power to people in a low-trust regime. What if they abuse it? Better to require explicit approval up the chain before they do anything serious like spend some money. But if you can't spend money you often can't do things, and activity ends up being blocked on approval, politics, and perception.
When you actually try to get anything done, low-trust regimes typically require lots of paper trails and approvals. Anyone who's worked in a larger organization can testify to how demoralizing and slow this can be. Since any decision can be questioned after the fact, there is no limit to how much "transparency" can be demanded, and how many pointless forms, proposals, reports, or forum posts can end up being produced. I think it is very easy to underestimate how destructive this can be to productivity.
Finally, it is plain demoralizing to be in a low-trust regime. High-trust says "Yes, we are on the same team, go and attack the problem with my blessing!". Low-trust says "I guess I have to work with you but I'm expecting you to try and steal from me as soon as you have the opportunity, so I'm keeping an eye on you". Where would you rather work?
Current people in EA organisations are trustworthy
(Disclaimer: I know quite a lot of people who work in EA organisations, so I'm definitely personally biased towards them.)
The FTX debacle has led to a lot of finger-pointing in recent months. A particular pattern has been posts listing large numbers of questions about the behaviour of particular organizations or individuals over the last few years. These often feel accusatory all by themselves: look at this big list of suspicious behaviour, surely something shady is going on! But it seems to me that in every instance that I've seen there has either been a good explanation or the failing has been at worst a) bad decisions made for good reasons, b) lapses in personal judgement, or c) genuine disagreements about which actions are worth doing.
Crucially, none of a), b) or c) are in my opinion things that justify a switch to low-trust. They suggest that we have normal, fallible people who are acting in good faith and doing their best. That's really the best that we can hope for! Low-trust measures won't help with any of this.
If anything, this argues that we could be higher-trust. Expending a lot of energy hunting for bad behaviour and not finding much is evidence that people are more trustworthy, not less!
Here are some examples. I've not attempted to be comprehensive, these are the ones that came to mind when I was writing this post. I'd be interested in examples that people think are neither explained nor at worst a), b) or c). I'm also including people saying things that turned out to be factually wrong, as these are examples of looking for bad behaviour and not finding it.
- Bad Omens in current EA Governance
- EVF exists to centrally control strategy
- EA funds have stopped giving payout reports
- GWWC doesn't list conflicts of interest
- Some important questions for EA leadership
- Various things Will MacAskill did
- Unclear, but IMO b) at worst
- Why did 80k portray SBF as frugal?
- Why did CEA buy Wytham Abbey?
- Why was the decision made?
- Was the money taken from ordinary donors who donated to CEA?
- Why aren't EA orgs saying more about FTX?
- Who knew about SBF/Alamada and why didn't they Do Something?
- There's a lot of this, it's not clear what's going on, but my expectation is that this is a) or b).
Trust but verify
I want the EA community to remain high-trust. It's part of what makes us effective and I don't think we're justified in throwing it away now (if ever). Calls to make it low-trust make me feel sad and less like it's a community I want to be in. I think we should just decide to Not Do That.
There are some cheap things we can do that don't damage trust too much. For example, checking that people have behaved trustworthily from time to time is a good idea ("trust but verify" is a good motto).
Overall I have a few concrete suggestions for making things better:
- Make sure you're updating your beliefs about the trustworthiness of people based on the results of checking, not the fact that the checking is happening.
- If you agree with "trust but verify", make the background level of trust clear when you're proposing to do a bunch of aggressive verification, e.g. "I don't have any particular reason to expect bad behaviour here, but in the spirit of 'trust but verify' I would like to ask the following questions..."
- If you're proposing a change in behaviour, seriously consider the costs, which includes making it specific enough that the costs are clear.
I think it's not quite right that low trust is costlier than high trust. Low trust is costly when things are going well. There's kind of a slow burn of additional cost.
But high trust is very costly when bad actors, corruption or mistakes arise that a low trust community would have preempted. So the cost is lumpier, cheap in the good times and expensive in the bad.
(I read fairly quickly so may have missed where you clarified this.)
To re-frame this:
High-trust assumes both good motivations and competence. High trust is nice because it makes things go smoother. But if there are any badly motivated or incompetent actors, insisting on high trust creates conditions for repeated devastating impacts. To further insist on high trust after significant shocks means people who no longer trust good motivations and competence leave.
FTX was a high-trust/bad actor shock event. The movement probably needs to operate for a bit in a low-trust environment to earn back the conditions that allow high-trust. Or, the movement can insist on high-trust at the expense of losing members who no longer feel comfortable or safe trusting others completely.
I was arguing to the contrary: the inquiries post-FTX have shown very little untrustworthy behaviour in the community as a whole. So if anything we should regard this as a validation of our trust.
Certainly I wouldn't trust FTX after this, but I think extending the reduced trust to the rest of the community in any significant way is mistaken.
Perhaps you're worried about more things like FTX happening in the future. To that I would just accept the risk - being high-trust means you can get suckered. If it doesn't happen too often, maybe it's worth the cost. And right after the event is the classic time for people to highly overestimate how likely such events will be (or how likely we should have considered them to be in the past).
The key actors involved in FTX were extremely close to the EA community. SBF became involved after a 1:1? conversation with Will MacAskill, worked at CEA for a short while, held prime speaking slots at EAG, and set up and funded a key organization (FTX fund). Caroline held an officer position in her university EA group. It's fair to say the people at the center of the fraud were embedded and more tightly aligned with the EA movement than most people connected with EA. It's a classic example of high-trust / bad actors - it only takes a few of them to cause serious damage.
Is this just a black swan event? Perhaps. Are there more bad actors in the EA community? Perhaps.
You are certainly welcome to keeping treating EA as high-trust community, but others have good reason not to.
Only the last point seems concerning to me because Sam was working closely together with figures very central within EA at a time when some of the red flags should already have been visible. By contrast, I think it's unreasonable to hold anyone responsible for another person's negative impact if you motivate them to do something in a 1-on-1 conversation or if some "bad actor" briefly worked at [central EA organization]. We can't be responsible for the behavior of everyone we ever interact with! It's not always possible to vet people's character in a single conversation or even during a brief period of working together. (And sometimes people get more corrupted over time – though I'd expect there to be early warning signs pretty much always.) I think the EA community made big mistakes with respect to FTX, but that's precisely because many EAs have interacted with Sam over many years and worked closely together with him before the collapse.
Just want to note that I think this comment has basically been vindicated in the three years since FTX.
"[T]he inquiries post-FTX" have been largely deflected due to legal concerns. I'm not going to second-guess the presumed advice of the relevant lawyers here, but that's hardly the same as there having been a public and independent investigation that reveals the potential concerns to have been unfounded. Given the absence of any real information (other than knowing that someone senior heard that SBF was under criminal investigation, shared that report, and got muted responses), the range of plausible narratives in my view ranges from no errors to ordinary errors of judgment to severe errors of judgment (which would provide significant reason to believe that the relevant actors' judgment is "untrustworthy" in the sense of not being reliable) to willful blindness.
The really tricky issue is something like second impact syndrome, where death or severe injury occurs because the head was hit a second time before healing from the first.
So I would be a little more careful for a few years for EA.
I guess I find your proposal that EA operate in low trust mode for a bit to win back the conditions that allow high trust confusing because I would expect that shifting to low trust mode than shifting back to high trust would be very hard, as in almost never the kind of thing that happens.
EA started in low-trust mode (e.g. iirc early GiveWell was even suspicious of the notion of QALYs which is why they came up with their own metrics) and gradually shifted towards higher trust. So it seems plausible to me that we can go back to low-trust mode and slowly win back trust, though maybe this will take too long and EA will die or fade out to irrelevancy before then.
This is quite interesting and reminds me of a short option position as a previous hedge fund manager - you earn time decay or option premium when things are going well or stable, and then once in a while you take a big hit (and a lot of of people/orgs do not survive the hit). This is not a strategy I follow from a risk adjusted return point of view on a longer term perspective. I would not like to be short put option but rather be long call option and try to minimise my time decay or option premium. The latter is more work and time consuming but I have managed to construct very large option structured positions with almost no time decay as a hedge fund manager. In EA terms some of the ways I would like to structure long call options on EA whilst minimising risks would be look for strong founders and team, neglected with large convex upside, tractable and cost effective even with base case delivery (GWWC, Founders Pledge and Longview were good examples of this), and continue to fund promising ones until other funders come in.
As a general observation I think EA overemphasise expected return and not enough on risk adjusted return, especially when in some cases some sensible risk management can reduce risk a lot without reducing expected return much. (eg ensuring we have experienced operational, legal, regulatory and risk management expertises). This may have something to do with our very long impact time horizons and EAs preference to work things out from base.
I also like to emphasise that it does not always have to be bad actors, but could also be people acting outside their level of expertise and/or competence in good faith. And trust perhaps like market cycles can be oversupplied at times and in certain areas and under supplied at other times and areas.
I think of it in terms of "Justified trust". What we want is a high degree of justified trust.
If a group shouldn't be trusted, but is, then that would be unjustified trust.
We want to maximize justified trust and minimize unjustified trust.
If trust isn't justified, then you would want corresponding levels of trust.
Generally, [unjustified trust] < [low-trust, not justified] < [justified trust]
No, I didn't talk about this. I agree that you can frame low-trust as a trade where you exchange lower catastrophe risk for higher ongoing costs.
Through that lens a decent summary of my argument is:
Yep, I agree. I see it as high trust > low trust, but being mislead about which one you are in isn't a good move.
I think it's more clear as a two-by-two matrix, with trustworthiness vs trust. In rough order of goodness:
And so I claim: we have High Trustworthiness, so moving down the column to Low Trust is just shooting ourselves in the foot.