Nirvana AI Governance: How AI Policymaking Is Committing Three Old Fallacies
NegativeArtificial Intelligence
A recent study critiques AI governance by applying Harold Demsetz's nirvana approach, revealing three major fallacies in current AI policy proposals. It argues that the belief in human reliability over machines, the idea of a 'free lunch,' and the assumption that people could behave differently are fundamentally flawed. This matters because it highlights the need for more realistic and effective AI regulations, ensuring that policymakers understand the limitations of both technology and human behavior.
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