This is a solved problem.
That was easy. Thank you, sir.
You’re welcome.
it’s only a solved problem when Wikipedia’s not blacked out. :’(
EDIT: I love you guys.
Here is the URL to add to AdBlock Plus to avoid the Wikipedia blackout.
Here’s Google’s cache of the page.
Here is the 1956 paper that introduced the Kelly Criterion.
There is an excellent relatively recent book on kelly and shannon and the background of their calculations, what they ultimately did with them, and other interesting things, I highly recommend. Fortune’s Formula by William Poundstone.
This is a solved problem.
That was easy. Thank you, sir.
You’re welcome.
it’s only a solved problem when Wikipedia’s not blacked out. :’(
EDIT: I love you guys.
Here is the URL to add to AdBlock Plus to avoid the Wikipedia blackout.
Here’s Google’s cache of the page.
Here is the 1956 paper that introduced the Kelly Criterion.
There is an excellent relatively recent book on kelly and shannon and the background of their calculations, what they ultimately did with them, and other interesting things, I highly recommend. Fortune’s Formula by William Poundstone.