The kelly criterion is a formula that finds the optimal amount to bet based on the percent of winners and the rewardrisk ratio. Kelly, in a paper entitled a new interpretation of information rate.
the kelly criterion is a formula to determine the proper size of a bet with known odds and a definite payout. With hand waving and basic math you can also use it to help guide your investment decisions.
the kelly criterion is a formula used to determine the optimal size of a series of bets.
kelly criterion ed thorp optimal position sizing for stock tradingtrading spreadsheetcalculator - httpsbit.
the kelly criterion was created by john kelly, a researcher at bell labs, who originally developed the formula to analyze long-distance telephone signal noise.
the kelly criterion is a scientific gambling method using a formula for bet sizing that mathematically calculates the proper position size for placing a bet based on the odds. The kelly bet size is calculated by optimizing the projected value of the wealth logarithm, which is equivalent to maximizing the expected geometric growth rate of the capital being wagered.
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