An excellent blog on LLM economics, with reference to related work by SemiAnalysis.

This is part 6 of a series I am posting on LW. Here you can find parts 1, 2, 3, 4, & 5. This section details a proposed modification to the Bundle Theory of personhood which seeks to address the “enforcement gap”. It will refer to the updated framework as “Three Prong Bundle Theory” (TPBT), because it updates the bundle based test for legal personality from a two prong test to a three prong test. TPBT can best be summarized as follows: When an entity claims legal personhood based on its capacity to understand and exercise a right, we first ask if it is capable of understanding and holding to the associated duties. If the answer is yes we then ask whether or not the court/law enforcement has the capacity to impose the appropriate consequences upon the entity for failing to hold to said duties. If it is feasible, the entity is both a legal person and may claim a legal personality which includes that right and the associated duties.