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Kelly Criterion

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Kelly Criterion
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2Yoav Ravid

the Kelly criterion (or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). (Wikipedia)

Posts from elsewhere: The Kelly Coin-Flipping Game: Exact Solutions

see also: Betting

Posts tagged Kelly Criterion
11
91Kelly *is* (just) about logarithmic utility
abramdemski
2y
26
5
133Tyranny of the Epistemic Majority
Scott Garrabrant
7mo
9
3
99The Kelly Criterion
Zvi
5y
24
3
49Kelly Bet or Update?
abramdemski
3y
23
3
46The Kelly Criterion in 3D
lsusr
2y
18
2
36How to Lose a Fair Game
gilch
3y
15
2
27Why bet Kelly?
AlexMennen
7mo
14
2
12On Kelly and altruism
philh
7mo
6
2
11Kelly Criteria and Two Envelopes
Wei Dai
11y
1
1
123The Geometric Expectation
Scott Garrabrant
7mo
13
1
99Kelly Bet on Everything
Jacob Falkovich
3y
20
1
55How to Understand and Mitigate Risk
Matt Goldenberg
4y
30
1
55The Art of the Overbet
Zvi
5y
6
1
47Never Go Full Kelly
SimonM
2y
7
1
35Kelly betting vs expectation maximization
MorgneticField
20d
33
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