Re: Creating an oil bank that issues oil vouchers in numbers astronomically exceeding its reserves could let an AI possess 3^^^3 account units each convertible to a barrel of oil.
No: such vouchers would not be redeemable in the marketplace: they would be worthless. Everyone would realise that—including the AI.
This is an example of the wirehead fallacy framed in economic terms. As Omohundro puts it, “AIs will try to prevent counterfeit utility”.
Re: Creating an oil bank that issues oil vouchers in numbers astronomically exceeding its reserves could let an AI possess 3^^^3 account units each convertible to a barrel of oil.
No: such vouchers would not be redeemable in the marketplace: they would be worthless. Everyone would realise that—including the AI.
This is an example of the wirehead fallacy framed in economic terms. As Omohundro puts it, “AIs will try to prevent counterfeit utility”.