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sketerpot comments on The Popularization Bias - Less Wrong
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There are an awful lot of caveats that apply to the No Free Lunch theorem. Is it really very applicable in practice? If you're just going to use it as a hand-wave concept, I think it's more honest to use TANSTAAFL and make your lack of rigorous mathematical backing clear.
So, can anybody list a few lessons we can draw from the NFL theorem?