Please, please, someone put it on YouTube, and someone transcribe it.
Second half of the transcript:
You can cast this out formally, mathematically, and say that if you start with a uniform prior, [Model 2] seems to be simpler. There are some issues: you could say that A can't really model itself, tautologically, because it only has so much power. But if there are other agents in the world similar to A, lets call them B, C, etc, which are about as hard to model as A. A is still going to need a good approximate model using physics of B and C, and therefore of its own behaviour. So unless you do something special and go out of ...
Paul Christiano was about to give a tutorial on AIXI and TDT, so I whipped out my iPhone and recorded it. His tutorial wasn't carefully planned or executed, but it may still be useful to some. Note that when Paul writes "UDT" on a piece of paper he really meant "TDT." :)
HD video download links: 1, 2.