Then let's try this. Hypothesis 1 says the sequence will consist of only H repeated forever. Hypothesis 2 says the sequence will be either HTTTHHTHTHTTTT repeated forever, or TTHTHTTTHTHHHHH repeated forever. The second one is harder to locate, but describes two possible worlds rather than one.
Maybe your idea can be fixed somehow, but I see no way yet. Keep digging.
I've just reread Eliezer's post on Occam's Razor and it seems to have clarified my thinking a little.
I originally said:
If it is also true that hypotheses which are easier to locate make more predictions... then we are perfectly justified in assigning a probability to a hypothesis based on it's locate-ability.
But I would now say:
...If it is also true that hypotheses with a shorter minimum message length make more predictions relative to that minimum message length than do hypotheses with longer MMLs... then we are perfectly justified in assigning a proba
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