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AndHisHorse comments on Rationality Quotes Thread October 2015 - Less Wrong
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For a single person, yes, but it takes a significant investment of time to build an accurate, factual model of a single person. It becomes impractical to do so when making decisions that affect even a mere hundred people.
How would you recommend scaling this up for large groups?
Sociology and psychology. Determine patterns in human desires and behaviour, and determine universal rules. Either that, or scale up your resources and get yourself an fAI.
This is a difficult problem, which very few people (if any) have ever solved properly. It's (probably) not insoluble, but it's also not easy...
Good luck.