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Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.
John Larry Kelly Jr. (December 26, 1923 – March 18, 1965), was an American scientist who worked at Bell Labs. From a "system he'd developed to analyze information transmitted over networks," from Claude Shannon's earlier work on information theory , he is best known for his 1956 work in creating the Kelly criterion formula.
On November 13, 2003, Waymire died in her home in Venice, Los Angeles, California of cardiac arrest caused by an undiagnosed cardiac arrhythmia, likely related to mitral valve prolapse, a condition with which she had been diagnosed as a teenager. Her funeral was held on November 23, 2003, in West Milton, Ohio.
A 1995 screen test for All My Children resulted in a lasting marriage for Kelly Ripa and Mark Consuelos. The Live With Kelly and Mark cohosts’ relationship hasn’t faltered since they first ...
Liz Johnston from TLC's '7 Little Johnstons' On Season 14 of 7 Little Johnstons, viewers watched as Liz Johnston revealed she and her boyfriend, Brice Bolden, were expecting their first child.In ...
I think this is probably what is meant by "Kelly criterion" -- which means that the Kelly criterion is not in fact a formula at all. If that's right then the article should be corrected. Otherwise, it should be explicitly stated which formula is the one called "Kelly criterion." Nathaniel Virgo 01:37, 27 February 2023 (UTC) @Nathanielvirgo
Kenneth Leighton (2 October 1929 – 24 August 1988) was a British composer and pianist. His compositions include church and choral music, pieces for piano, organ, cello, oboe and other instruments, chamber music, concertos, symphonies, and an opera.
Death at a Funeral Screen Gems Neil LaBute (director); Dean Craig (screenplay); Peter Dinklage , Martin Lawrence , James Marsden , Tracy Morgan , Chris Rock , Zoe Saldana , Luke Wilson , Keith David , Loretta Devine , Danny Glover , Regina Hall , Kevin Hart , Columbus Short , Ron Glass , Regine Nehy, Robert Lee Minor