Prequential Level of Impossibility with Some Applications
Vladimir Vovk, Vladimir Vyacheslavovich V'yugin · Journal of the Royal Statistical Society Series B (Statistical Methodology) · 1994
SUMMARY Within Dawid's prequential framework we introduce a quantitative measure of disagreement between a probabilistic theory and observations. Using this measure we reconsider Howard's theorem on Laplace's rule of succession and Dawid's result on the prequential efficiency of the Bayesian rule.