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timtyler comments on Open Problems Related to Solomonoff Induction - Less Wrong
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Kinda. Some notions of complexity are more useful than others. However, condition your machine on some real world sense data for a while, and any reasonable prior soon gets swamped by data - so in practice, this is not a big deal.
If it was a matter of gathering enough data we wouldn't have to talk about Solomonoff induction at all.