Chapter

The Modern Theory of Induction

Kumaraswamy Velupillai

in Computable Economics

Published in print January 2000 | ISBN: 9780198295273
Published online November 2003 | e-ISBN: 9780191596988 | DOI: http://dx.doi.org/10.1093/0198295278.003.0005
 The Modern Theory of Induction

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A theory of induction, based on the formalism of algorithmic complexity theory, is introduced in this chapter. This is then used to underpin a theory of learning and a computable basis for inductive inference. The historical and philosophical backdrops against which these theories developed are also given, albeit concisely.

Keywords: Church‐Turing thesis; complexity theory; Gold, E.M; induction; inductive inference; Kolmogorov‐Chaitin‐Martin Löf thesis; learning; Ray J. Solomonoff

Chapter.  8917 words. 

Subjects: Macroeconomics and Monetary Economics

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