Edited: See (1)for some related ideas: A Safe Approximation for Kolmogorov Complexity
(1) https://link.springer.com/chapter/10.1007/978-3-319-11662-4_...
Edited: See (1)for some related ideas: A Safe Approximation for Kolmogorov Complexity
(1) https://link.springer.com/chapter/10.1007/978-3-319-11662-4_...
This is studied in so-called algorithmic rate-distortion theory:
Rooij, S. de, & Vitanyi, P. (2012). Approximating Rate-Distortion Graphs of Individual Data: Experiments in Lossy Compression and Denoising. IEEE Transactions on Computers, 61(3), 395–407. https://doi.org/10.1109/TC.2011.25
Vereshchagin, N., & Vitányi, P. (2006). On Algorithmic Rate-Distortion Function. Information Theory, 2006 IEEE International Symposium On, 798–802.
The "common wisdom" of "too many parameters will make you overfit" is most definitely not that important for the way modern NN training works.