The summary of what Dr. Leonard Peikoff's course "Objectivism Through Induction" is about states:
Induction, in essence, is generalization from perceptual experience. (Deduction is the application of a generalization to particular cases.) Such generalization is at once the best, and least, known form of cognition. Because it is indispensable to human learning, it is practiced daily and is in a sense obvious to everyone. Because of the deficiency of philosophers, however, induction is the cognitive method least grasped or defined. Methods not known consciously and explicitly are not within one's control and cannot be relied on to produce accurate results.
Objectivism, in essence, is an organization of generalizations derived from perceptual experience.
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Sep 22 '12 at 12:24
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