the art of betting the next sunrise on every previous one and usually winning
means Induction is the process of bringing something into being or operation — drawing a general rule from particular cases, formally bringing someone into a position or group, or generating an electric current or motion through a magnetic field.
from From Latin 'inductio,' the act of leading or bringing in, from 'inducere' — 'in-' (in, into) plus 'ducere' (to lead), the same 'ducere' that pulls through 'conduct,' 'produce,' and 'duke.' The literal sense is a leading-in: ushering a thing or person across a threshold. Logicians borrowed it for reasoning that leads the mind from many instances toward a general truth, and physicists later took it for the way a magnetic field 'leads in' a current without touching it.