Abstracting an effective theory from a complicated process is central to the
study of complexity. Even when the underlying mechanisms are understood, or at
least measurable, the presence of dissipation and irreversibility in
biological, computational and social systems makes the problem harder. Here we
demonstrate the construction of effective theories in the presence of both
irreversibility and noise, in a dynamical model with underlying feedback. We
use the Krohn-Rhodes theorem to show how the composition of underlying
mechanisms can lead to innovations in the emergent effective theory. We show
how dissipation and irreversibility fundamentally limit the lifetimes of these
emergent structures, even though, on short timescales, the group properties may
be enriched compared to their noiseless counterparts.Comment: 11 pages, 9 figure