Kelly Criterion. • Developed by John Kelly, a physicist at Bell. Labs. – 1956 paper “A New Interpretation of Information Rate” published in the Bell System.
Lecture 2: The Kelly criterion for favorable games: stock market investing for individuals. David Aldous. January 25.
The main advantage of the Kelly criterion, which maximizes the expected .. simple proof, under the further assumption of the Capital Asset. let it ride casino entertainment notice some short-term downside. In a word, super materials. Do you weight things somehow? That depends on you.