Abstract
Consider the game where a Bayesian investor places a series of bets on the outcomes of a sequence of tosses of a coin with odds set by a Bayesian bookie. It is shown that at each toss the investor can have non‐negative expected winnings even though after many tosses the two posterior distributions are nearly equivalent. Copyright © 1984, Wiley Blackwell. All rights reserved
Original language | English |
---|---|
Pages (from-to) | 263-271 |
Number of pages | 9 |
Journal | Australian Journal of Statistics |
Volume | 26 |
Issue number | 3 |
DOIs | |
State | Published - 1984 |