gjm comments on Frequentist Magic vs. Bayesian Magic - Less Wrong
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The fact that BB(n) is uncomputable means that your procedure doesn't, in fact, work. No?
You don't, in any case, have a fixed n. (Unless perhaps you are only interested in modelling Turing machines that fit in the universe -- but in that case, wouldn't you also want your own computations to fit in the universe?)
If it's uncomputable in general then it's uncomputable for some particular n. I expect that in fact it's uncomputable for any n above some rather small value. (In particular, once n is large enough for there to be n-state Turing machines that unprovably don't always halt.)
Well, if you only care about predicting smallish Turing machines, then for the same reason prediction is only useful if it can be done with smallish machines, in reasonable time. And even for very small n this isn't true for calculating BB(n).
Just out of my own curiosity, I checked Wikipedia on Busy Beaver numbers: BB(10) > 3^^^3.
While the article admits that every finite sequence (such as n = 1...10) is computable, I think it is safe to call it intractable right now.
Hey, don't laugh. That's useful to know - now you know any Turing Machine less than 10 is bluffing when it threatens 3^^^^3 specks of sand in eyes.
How did you conclude that from a lower bound?
I don't think the lower-bound will turn out to be all that off, and I tossed in another ^ as insurance. Jests don't have to be air-tight.
Off the cuff, couldn't it actually accomplish that if it just doesn't terminate?
If it doesn't terminate, then I think its threat would be an infinite number of sand specks, wouldn't it?