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And in a similar vein, you could use the Kelly criterion for how to optimally allocate your time/effort/capital.
by alexpetralia 9y ago
And in a similar vein, you could use the Kelly criterion for how to optimally allocate your time/effort/capital.
- cpeterso 9y agoFor those who, like me, didn't know what the Kelly criterion was: In probability theory and intertemporal portfolio choice, the Kelly criterion is a formula used to determine the optimal size of a series of bets. https://en.wikipedia.org/wiki/Kelly_criterion https://en.wikipedia.org/wiki/Kelly_criterion