Eliezer_Yudkowsky comments on Occam's Razor - Less Wrong
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MIT Press has just published Peter Gr端nwald's The Minimum Description Length Principle. His Preface, Chapter 1, and Chapter 17 are available at that link. Chapter 17 is a comparison of different conceptions of induction.
I don't know this area well enough to judge Peter's wok, but it is certainly informative. Many of his points echo Eliezer's. If you find this topic interesting, Peter's book is definitely worth checking out.