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The Robin Hood Rules for Smart Giving$
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Michael Weinstein and Ralph Bradburd

Print publication date: 2013

Print ISBN-13: 9780231158367

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231158367.001.0001

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Prominent Metrics Systems

Prominent Metrics Systems

(p.99) 11 Prominent Metrics Systems
The Robin Hood Rules for Smart Giving

Michael M. Weinstein

Ralph M. Bradburd

Columbia University Press

This chapter compares Relentless Monetization with several prominent alternative systems of metrics, with particular emphasis on four large-picture questions. First, do the metrics systems tackle the hard problem of measuring mission-relevant outcomes, or, do they, instead, track simpler to measure input focused variables such as costs or numbers of participants? Second, does the metrics system handle the comparison of apples to oranges—compare the value of one type of benefit versus that of another? Third, does the metrics system take careful account of counterfactual evidence and, if so, how? Fourth, does the metrics system enable funders to allocate funds coherently and effectively? The chapter review a number of alternatives to the Robin Hood Foundation's version of small-bore benefit/cost analysis, namely: cost-effectiveness analysis, BACO (best available charitable option) ratio, social rate of return on investment, cost-per-impact, expected return, and Charity Navigator.

Keywords:   metrics systems, Relentless Monetization, Robin Hood Foundation, small-bore benefit/cost analysis, cost-effectiveness analysis, best available charitable option ratio, social rate of return on investment, cost-per-impact, expected return, Charity Navigator

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