Will_Pearson comments on Markets are Anti-Inductive - Less Wrong

30 Post author: Eliezer_Yudkowsky 26 February 2009 12:55AM

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Comment author: Will_Pearson 27 February 2009 03:04:09PM 2 points [-]

All competitive situations against ideal learning agents are anti inductive in this sense. Because they can note regularities in their actions and avoid them in the future as well as you can note regularities in their actions and exploit them. The usefulness of induction is based on the relative speeds of the induction of the learning agents.

As such anti induction appears in situations like bacterial resistance to antibiotics. We spot a chink in the bacterias armour, and we can predict that that chink will become less prevalent and our strategy less useful.

So I wouldn't mark markets as special, just the most extreme example.