"at the expense of overall utility" is unnecessary for the "short-sighted" bit: that is implied by the phrase. Short-sighted-ness is a well known character flaw.
And your version is still bad. Over-optimising at the expense of overall utility is hard to parse. You're missing "one aspect". You shouldn't over-optimise one aspect at the expense of overall utility.
In the spirit of Asimov’s 3 Laws of Robotics
It is my contention that Yudkowsky’s CEV converges to the following 3 points:
I further contend that, if this CEV is translated to the 3 Goals above and implemented in a Yudkowskian Benevolent Goal Architecture (BGA), that the result would be a Friendly AI.
It should be noted that evolution and history say that cooperation and ethics are stable attractors while submitting to slavery (when you don’t have to) is not. This formulation expands Singer’s Circles of Morality as far as they’ll go and tries to eliminate irrational Us-Them distinctions based on anything other than optimizing goals for everyone — the same direction that humanity seems headed in and exactly where current SIAI proposals come up short.
Once again, cross-posted here on my blog (unlike my last article, I have no idea whether this will be karma'd out of existence or not ;-)