Solomonoff induction

Abstract: This chapter discusses the Solomonoff approach to universal prediction. The crucial ingredient in the approach is the notion of computability, and I present the main idea as an attempt to meet two plausible computability desiderata for a universal predictor. This attempt is unsuccessful, which is shown by a generalization of a diagonalization argument due to Putnam. I then critically discuss purported gains of the approach, in particular it providing a foundation for the methodological principle of Occam's razor, and it serving as a theoretical ideal for the development of machine learning methods.