I think you guys are calculating too much and talking too much.

Regardless of the "intelligence" of a PM, in my world that is a pretty stupid thing to do. I would expect such a "stupid" agent to do chaotic things indeed evil things. Things I could not predict and things I could not understand.

In an interactioin with a PM I would not expect to win, regardless of how clever and intelligent I am. Maybe they only want to make paperclips (and play with puppies), but such an agent will destroy my world.

I have worked with such PM's.

I would never voluntarily choose to interact with them.