I evaluate Schurz's proposed meta-inductive justification of induction, a refinement of Reichenbach's pragmatic justification that rests on results from the machine learning branch of prediction with expert advice. My conclusion is that the argument, suitably explicated, comes remarkably close to its grand aim: an actual justification of induction. This finding, however, is subject to two main qualifications, and still disregards one important challenge. The first qualification concerns the empirical success of induction. Even though, I argue, Schurz's argument does not need (...) to spell out what inductive method actually consists in, it does need to postulate that there is something like the inductive or scientific prediction strategy that has so far been significantly more successful than alternative approaches. The second qualification concerns the difference between having a justification for inductive method and for sticking with induction for now. Schurz's argument can only provide the latter. Finally, the remaining challenge concerns the pool of alternative strategies, and the relevant notion of a meta-inductivist's optimality that features in the analytic step of Schurz's argument. Building on the work done here, I will argue in a follow-up paper that the argument needs a stronger dynamic notion of a meta-inductivist's optimality. (shrink)

This article poses a challenge to Schurz’s proposed metainductive justification of induction. It is argued that Schurz’s argument requires a notion of optimality that can deal with an expanding pool of prediction strategies.

According to the paradigm of adaptive rationality, successful inference and prediction methods tend to be local and frugal. As a complement to work within this paradigm, we investigate the problem of selecting an optimal combination of prediction methods from a given toolbox of such local methods, in the context of changing environments. These selection methods are called meta-inductive strategies, if they are based on the success-records of the toolbox-methods. No absolutely optimal MI strategy exists—a fact that we call the “revenge (...) of ecological rationality”. Nevertheless one can show that a certain MI strategy exists, called “AW”, which is universally long-run optimal, with provably small short-run losses, in comparison to any set of prediction methods that it can use as input. We call this property universal access-optimality. Local and short-run improvements over AW are possible, but only at the cost of forfeiting universal access-optimality. The last part of the paper includes an empirical study of MI strategies in application to an 8-year-long data set from the Monash University Footy Tipping Competition. (shrink)

In the first section, five major attempts to solve the problem of induction and their failures are discussed. In the second section, an account of meta-induction is introduced. It offers a novel solution to the problem of induction, based on mathematical theorems about the predictive optimality of attractivity-weighted meta-induction. In the third section, how the a priori justification of meta-induction provides a non-circular a posteriori justification of object-induction, based on its superior track record, is explained. In the fourth section, four (...) important extensions and refinements of the method of meta-induction are presented. The final section, summarizes the major impacts of the program of meta-induction for epistemology, the philosophy of science and cognitive science. (shrink)

The universal optimality theorem for metainduction works for epistemic agents faced with a choice among finitely many prediction methods. Eckhart Arnold and Tom Sterkenburg objected that it breaks...

We often need to have beliefs about things on which we are not experts. Luckily, we often have access to expert judgements on such topics. But how should we form our beliefs on the basis of expert opinion when experts conflict in their judgments? This is the core of the novice/2-expert problem in social epistemology. A closely related question is important in the context of policy making: how should a policy maker use expert judgments when making policy in domains in (...) which she is not herself an expert? This question is more complex, given the messy and strategic nature of politics. In this paper we argue that the prediction with expert advice framework from machine learning provides helpful tools for addressing these problems. We outline conditions under which we should expert PWEA to be helpful and those under which we should not expect these methods to perform well. (shrink)

The standard approach to solve prediction tasks is to apply inductive methods such as, e.g., the straight rule. Such methods are proven to be access-optimal in specific prediction settings, but not in all. Within the optimality-approach of meta-induction, success-based weighted prediction methods are proven to be access-optimal in all possible continuous prediction settings. However, meta-induction fails to be access-optimal in so-called demonic discrete prediction environments where the predicted value is inversely correlated with the true outcome. In this paper the problem (...) of discrete prediction environments is addressed by embedding them into a synchronised prediction setting. In such a setting the task consists in providing a discrete and a continuous prediction. It is shown that synchronisation constraints exclude the possibility of demonic environments. (shrink)

Confronted with the problem of induction, Hans Reichenbach accepts that we cannot justify that induction is reliable. He tries to solve the problem by proving a weaker proposition: that induction is an optimal method of prediction, because it is guaranteed not to be worse and may be better than any alternative. Regarding the most serious objection to his approach, Reichenbach himself hints at an answer without spelling it out. In this paper, I will argue that there are two workable strategies (...) to rehabilitate Reichenbach’s account. The first leads to the widely discussed method of meta-induction, as proposed by Gerhard Schurz. The second strategy has not been suggested thus far. I will develop the second strategy and argue for it being, in some respects, superior to the first and closer to Reichenbach’s own position. (shrink)