This volume contains the papers that were presented at the Third Workshop onAlgorithmic Learning Theory, held in Tokyo in October 1992. In addition to 3invited papers, the volume contains 19 papers accepted for presentation, selected from 29 submitted extended abstracts. The ALT workshops have been held annually since 1990 and are organized and sponsored by the Japanese Society for Artificial Intelligence. The main objective of these workshops is to provide an open forum for discussions and exchanges of ideasbetween researchers from various backgrounds in this emerging, interdisciplinary field of learning theory. The volume is organized into parts on learning via query, neural networks, inductive inference, analogical reasoning, and approximate learning.