Sorry if this came across as a status game. Let me give you one example.
experiencing one life can leave you incapable of experiencing another in an unbiased way.
This is a loop Sobel solves with the amnesia model. (A concurrent clone model would be a better description, to avoid any problems with influences between lives, such as physical changes). There is still however the issue of giving advice to your past self after removing amnesia, even though you " might be incapable of adequately evaluating the lives they’ve experienced based on their current, more knowledgeable, evaluative perspective." This loses the sight of the original purpose: the evaluating criteria should be acceptable to the original person, and no such criteria have been set in advance. Same with the parliament: the evaluation depends on the future experiences, feeding into the loop. To remedy the issue, you can decide to create and freeze the arbitration rules in advance. For example, you might choose as your utility function some weighted average of longevity, happiness, procreation, influence on the world around you, etc. Then score the utility of each simulated life, and then pick one of, say, top 10 as your "initial dynamic". Or the top life you find acceptable. (Not restricting to automatically picking the highest-utility one, in order to avoid the "literal genie" pitfall.) You can repeat as you see fit as you go on, adjusting the criteria (hence "dynamic").
While you are by no means guaranteed to end up with the "best life possible" life after breaking the reasoning loop, you at least are spared problems like "better off dead" and "insane parliament", both of which result from a preference feedback loop.
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What's about moral objections to creation of multitude of agents for the purposes of evaluation?
They explicitly don't address that: