How many strings are easy to predict?

It is well known in the theory of Kolmogorov complexity that most strings cannot be compressed; more precisely, only exponentially few (Θ (2n−m)) binary strings of length n can be compressed by m bits. This paper extends the 'incompressibility' property of Kolmogorov complexity to the 'unpredictability' property of predictive complexity. The 'unpredictability' property states that predictive complexity (defined as the loss suffered by a universal prediction algorithm working infinitely long) of most strings is close to a trivial upper bound (the loss suffered by a trivial minimax constant prediction strategy). We show that only exponentially few strings can be successfully predicted and find the base of the exponent.