Vladimir_Nesov comments on You can't believe in Bayes - Less Wrong
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I agree. Compare this with computation of a factorial function. You start with knowing that the function is f(n)=if(n>1) n*f(n-1) else 1. Then you find out that f(1)=1, then that f(2)=2, etc. With each step, you are not taking new data out of environment, you are working from what you already have, simply juggling the numbers, but you gain new information.
For more on this view, see S. Abramsky (2008). `Information, processes and games' (PDF). In P. Adriaans & J. Benthem (eds.), Handbook of the philosophy of information. Elsevier Science Publishers.
That's an invalid comparison. That's a mathematical operation that doesn't involve information loss, and hence has nothing to do with this discussion.