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Kelly Criterion

TagLast edit: 10 Dec 2020 1:54 UTC by Ruby

the Kelly criterion (or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). (Wikipedia)

Posts from elsewhere: The Kelly Coin-Flipping Game: Exact Solutions

see also: Betting

Kelly *is* (just) about log­a­r­ith­mic utility

abramdemski1 Mar 2021 20:02 UTC
65 points
18 comments12 min readLW link

How to Lose a Fair Game

gilch14 Aug 2020 18:41 UTC
22 points
14 comments7 min readLW link

Kelly Bet or Up­date?

abramdemski2 Nov 2020 20:26 UTC
47 points
21 comments7 min readLW link

Kelly Cri­te­ria and Two Envelopes

Wei_Dai16 Aug 2012 21:57 UTC
11 points
1 comment1 min readLW link

Kelly Bet on Everything

Jacob Falkovich10 Jul 2020 2:48 UTC
76 points
13 comments5 min readLW link

Kelly bettors

DanielFilan13 Nov 2018 0:40 UTC
23 points
3 comments10 min readLW link
(danielfilan.com)

[Question] Gen­er­al­ize Kelly to Ac­count for # Iter­a­tions?

abramdemski2 Nov 2020 16:36 UTC
24 points
19 comments1 min readLW link

Gen­er­al­ized Kelly betting

Linda Linsefors19 Jul 2018 1:38 UTC
14 points
5 comments2 min readLW link

[Dis­cus­sion] The Kelly crite­rion and con­se­quences for de­ci­sion mak­ing un­der uncertainty

Metus6 Jan 2013 2:14 UTC
9 points
15 comments1 min readLW link

The Art of the Overbet

Zvi19 Oct 2018 14:00 UTC
54 points
6 comments6 min readLW link
(thezvi.wordpress.com)

Who wants to be a Million­aire?

Bucky1 Feb 2019 14:02 UTC
27 points
1 comment11 min readLW link

How to Un­der­stand and Miti­gate Risk

Matt Goldenberg12 Mar 2019 10:14 UTC
55 points
30 comments16 min readLW link

Calcu­lat­ing Kelly

abramdemski22 Feb 2021 17:32 UTC
33 points
17 comments3 min readLW link

The Kelly Cri­te­rion in 3D

lsusr20 Feb 2021 8:21 UTC
24 points
15 comments2 min readLW link

The Kelly Criterion

Zvi15 Oct 2018 21:20 UTC
67 points
18 comments3 min readLW link
(thezvi.wordpress.com)

Kelly isn’t (just) about log­a­r­ith­mic utility

SimonM23 Feb 2021 12:12 UTC
34 points
38 comments4 min readLW link

Never Go Full Kelly

SimonM25 Feb 2021 12:53 UTC
35 points
6 comments8 min readLW link

A non-log­a­r­ith­mic ar­gu­ment for Kelly

Bunthut4 Mar 2021 16:21 UTC
16 points
9 comments2 min readLW link
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