3 ms·
read the original paper. the gambler's formulation is garbage, which obscures all insight.
by sigstoat 5y ago
read the original paper. the gambler's formulation is garbage, which obscures all insight.
- kqr 5y agoWhich one is the original to you? Kelly's new interpretation of the information rate? Or Bernoulli's new theory on the measurement of risk? Or one of the other seminal papers describing different aspects of the Kelly criterion?