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Liability regimes for AI — LessWrong

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For many products, we face a choice of who to hold liable for harms that would not have occurred if not for the existence of the product. For instance, if a person uses a gun in a school shooting that kills a dozen people, there are many legal persons who in principle could be held liable for the harm: Which one of these is the best? I'll offer a brief and elementary economic analysis of how this decision should be made in this post. The important concepts from economic theory to understand here are Coasean bargaining and the problem of the judgment-proof defendant. Let's start with Coaesean bargaining: in short, this idea says that regardless of who the legal system decides to hold liable for a harm, the involved parties can, under certain conditions, slice the harm arbitrarily among themselves by contracting and reach an economically efficient outcome. Under these conditions and assuming no transaction costs, it doesn't matter who the government decides to hold liable for a harm; it'

x Liability regimes for AI — LessWrong Regulation and AI Risk AI World Optimization Curated 153 Liability regimes for AI by Ege Erdil 19th Aug 2024 6 min read 34 153 For many products, we face a choice of who to hold liable for harms that would not have occurred if not for the existence of the product. For instance, if a person uses a gun in a school shooting that kills a dozen people, there are many legal persons who in principle could be held liable for the harm: The shooter themselves, for obvious reasons. The shop that sold the shooter the weapon. The company that designs and manufactures

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