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Computable EconomicsThe Arne Ryde Memorial Lectures$
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K. Velupillai

Print publication date: 2000

Print ISBN-13: 9780198295273

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198295278.001.0001

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The Modern Theory of Induction

The Modern Theory of Induction

(p.66) 5 The Modern Theory of Induction
Computable Economics

Kumaraswamy Velupillai

Oxford University Press

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

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