I agree that trying to map all human values is extremely complex as articulated here [http://wiki.lesswrong.com/wiki/Complexity_of_value] , but the problem as I see it, is that we do not really have a choice - there has to be some way of measuring the initial AGI to see how it is handling these concepts.
I dont understand why we don’t try to prototype a high level ontology of core values for an AGI to adhere to - something that humans can discuss and argue about for many years before we actually build an AGI.
Law is a useful example which shows that human values cannot be absolutely quantified into a universal system. The law is constantly abused, misused and corrected so if a similar system were to be put into place for an AGI it could quickly lead to UFAI.
One of the interesting things about the law is that for core concepts like murder, the rules are well defined and fairly unambiguous, whereas more trivial things (in terms of risk to humans) like tax laws, parking laws are the bits that have a lot of complexity to them.
The first part of the original plan for CEV is to get an AI to work out human value from all the humans. Without having some idea as to how it would do this, this appears to be a magical step. So asking the question seems a reasonable thing to do.
Well, there's a whole lot of magic going on here.
As I understand the original CEV plan, the idea is that the gadget that derives human values from human brains is itself understood to be more reliable than human brains.
So no, it doesn't actually make sense according to this theory to say "this is the output we expect from the gadget, according to our brains; let's compare the actual output of the gadget to the output of our brains and reject the gadget if they don't match."
That said, it certainly makes sense to ask "how are we supposed to actually know that we've built this gadget in the first place??!??!" I do not understand, and have never understood, how we're supposed to know on this theory that we've actually built the gadget properly and didn't miss a decimal point somewhere... I've been asking this question since I first came across the CEV idea, years ago.