Is there an Elegant Universal Theory of Prediction?

@inproceedings{Legg2006IsTA,
  title={Is there an Elegant Universal Theory of Prediction?},
  author={Shane Legg},
  booktitle={ALT},
  year={2006}
}
Solomonoff’s inductive learning model is a powerful, universal and highly elegant theory of sequence prediction. Its critical flaw is that it is incomputable and thus cannot be used in practice. It is sometimes suggested that it may still be useful to help guide the development of very general and powerful theories of prediction which are computable. In this paper it is shown that although powerful algorithms exist, they are necessarily highly complex. This alone makes their theoretical… CONTINUE READING

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