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Kelly Criterion

Edited by Yoav Ravid last updated 7th Dec 2020

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

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Posts tagged Kelly Criterion
99Kelly *is* (just) about logarithmic utility
abramdemski
5y
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191Tyranny of the Epistemic Majority
Scott Garrabrant
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101The Kelly Criterion
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7y
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50Kelly Bet or Update?
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47The Kelly Criterion in 3D
lsusr
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177When Is Insurance Worth It?
kqr
9mo
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38Simple Kelly betting in prediction markets
jessicata
2y
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36How to Lose a Fair Game
gilch
5y
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33Ruining an expected-log-money maximizer
philh
2y
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32Why bet Kelly?
AlexMennen
3y
14
27When and why should you use the Kelly criterion?
Garrett Baker, philh, River
2y
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17On Kelly and altruism
philh
3y
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11Kelly Criteria and Two Envelopes
Wei Dai
13y
1
168The Geometric Expectation
Scott Garrabrant
3y
22
101Kelly Bet on Everything
Jacob Falkovich
5y
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