NSmolenskiFan on Nostr: No, #AI cannot and will not allocate capital “more rationally” than human ...
No, #AI cannot and will not allocate capital “more rationally” than human economic actors.
This is because the information that is navigated by allocators of resources is not just information about past actions but the *subjective nexus of motivation and will* that is *actively being generated* by living economic actors in every moment.
This *cannot* be determined in advance.
No amount of computational power can model the present and future valuations, motivations, and actions of all living subjects interacting to form markets and economic ecosystems with perfect accuracy.
The planning problem continues to have no resolution.
This is because the information that is navigated by allocators of resources is not just information about past actions but the *subjective nexus of motivation and will* that is *actively being generated* by living economic actors in every moment.
This *cannot* be determined in advance.
No amount of computational power can model the present and future valuations, motivations, and actions of all living subjects interacting to form markets and economic ecosystems with perfect accuracy.
The planning problem continues to have no resolution.