11 ms·
Correction: I should have said that the Kelly criterion and DP-based approaches diverge when there is a maximum amount of wealth that can be attained (e.g., $25
by bumbledraven 5y ago
Correction: I should have said that the Kelly criterion and DP-based approaches diverge when there is a maximum amount of wealth that can be attained (e.g., $250 in TFA), not in scenarios where there are a fixed number of betting rounds remaining.