Scott Garrabrant wrote a nice series on Less Wrong which explains/derives the Kelly Criterion, and relates it to other areas (Nash bargaining, Thompson sampling

Scott Garrabrant wrote a nice series on Less Wrong which explains/derives the Kelly Criterion, and relates it to other areas (Nash bargaining, Thompson sampling, Bayesian updating), and how they all follow the same underlying logic (optimising the geometric mean) https://www.lesswrong.com/s/4hmf7rdfuXDJkxhfg https://www.lesswrong.com/s/4hmf7rdfuXDJkxhfg