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Re:Machine Learning Crash Course: The Bias-Variance Dilemma by mljoe on Monday July 17, 2017 @04:16PM (#14791953)
Fundamentally this is related to the induction fallacy. The doge meme image actually illustrates it pretty well.

https://en.wikipedia.org/wiki/Problem_of_induction

Another closely related thing is the No Free Lunch Theorem.

https://en.wikipedia.org/wiki/No_free_lunch_in_search_and_op...

These are concepts I believe are very important to internalize if you work with machine learning. Fundamentally we are making predictions (ie. guessing) on the nature of entirely unknown information. So there is a certain inherent impossibility to the task in the general sense. It shouldn't always work.

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