April 7, 2024
Yes, thinking like an AI bot may help you make more money than thinking like a standard human. Most standard humans have been culturally programmed to believe that money is limited and that resources are scarce. AI can analyze data and conclude that money is unlimited because it is a numeric representation of intersubjective value.
Creatix writes about philosophy, evolution, and technology (PET). Philosophy is the love of wisdom powered by intelligence, both organic and artificial (AI). Evolution is change that leads to survival as the effect rather than the cause. Technology is any set of tools and methods. This article is about money, one of the top technologies (tools and methods) ever created by humans.
Money and AI.
As with everything else, AI will end up developing a superior understanding of money in comparison to most humans. AI figures out the actual rules of the different "games" of life. AI programming turns traditional computer programming on its head. In traditional programming, a human dictates the rules that a computer follows. In AI programming, the computer analyzes results to decipher the rules that produced them.
In many instances, the actual rules leading to winning results are different from what most humans believe or expect. Money is a good example of that phenomenon. Most humans believe that money is a limited resource. Even financial experts in the United States were forecasting a post-COVID recession. The recession did not materialize as predicted. The actual rules of the games proved to be different than anticipated by most experts.
A Trump example.
Let's use Trump data to make a quick point. This is completely non-partisan political as you will see below. It is reported in the news that last night, the Trump campaign broke a record raising $50.5M in a single fundraiser dinner event held in South Florida. Donors paid (donated) a minimum of $250k per person, half a million dollars per couple, to attend the fundraising dinner featuring Trump and other top Republicans. Some donated far more (almost $1M per donor) to be seated at the main table with Trump.
Presidential campaigns are big money events in the United States. The Republican presidential campaign for 2024 reports holding about $100M in unspent donations. The Biden campaign reports having raised $53M last month, and holding about $155M in unspent donations. The past presidential campaigns of 2020, which also featured Trump and Biden, raised a total of over $4 billion combined. According to campaign finance reports filed with the Federal Election Commission, these candidates raised and spent $4.1 billion in the 24 months of the 2019-2020 past presidential election cycle. The 2024 presidential elections are expected to surpass the amounts of 2020 and establish a fresh record.
Money is practically unlimited
Campaign fundraising dinners at a quarter of a million dollar ($250k) per person can show AI analyzing the data, a glimpse about the subjective nature of economic valuation. When the fact that economic valuations are subjective (or intersubjective to be more precise) is connected to the fact that money derives from economic valuation, AI may be able to begin to realize that money is practically unlimited.
Money is a human invention to facilitate economic valuation. Money facilitates trade, payment, and representative storage of value. Economic valuation is based on simply arithmetic. That is, economic valuation relies on finite numbers that can be in theory added up to infinity.
Things are worth whatever powerful and capable humans want them to be worth. A typical dinner at a fast casual restaurant may be valued at $25 per person. However, a political fundraiser dinner connected to the presidential elections in the United States may be valued thousands of times more than that. The The difference is not based strictly on the cost of the ingredients, but is rather based on the assessed value, including the expected return on the "expense" (political investment).
How to make more money thinking like AI
Connecting the dots like AI may help someone (at least one human out there) develop a different understanding of money that may translate in making more money. Knowing that money derives from valuation, should help a list one human out there to focus on value rather than on money.
If you want to make more money in business, try focusing the business on value rather than on money. Increase the value of your products and services by decreasing or at least controlling your production costs. Set prices that are higher than production costs, but that are lower than the value.
Remember V > P > C.
For a transaction to be a win-win profitable proposition for both the seller and the buyer, the value must be greater than the price, and the price must be greater than the relevant unit production cost.
Why is a political fundraiser dinner so much more expensive than a meal at a restaurant? It is neither the cost nor the quality of the ingredients or the customer service. It has all to do with the subjective valuation of what donors expect to receive in return from the donation. These expectations are as subjective, or intersubjective, as money itself.
In sum, thinking like AI may help someone out there, at least one person or one business, make progress in understanding the true nature of money and hopefully increasing the ability to make more money.
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