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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.
The Hamilton Park Historic District is a historic district in the Near East Side of Columbus, Ohio. The site was listed on the National Register of Historic Places in 1983 and the Columbus Register of Historic Properties in 1987. It is one of few remaining examples of an 1880-1930 upper middle class neighborhood in Columbus.
The Kelly criterion assumes that only one bet is available during each time period, and maximizes the growth over time by using that one opportunity to its fullest. If however multiple bets are available at any given time, that run in parallel and whose outcomes are not completely correlated, then it makes sense to distribute a smaller amount ...
Glimcher Realty Trust was a real estate investment trust based in Columbus, Ohio that invested in shopping malls. In 2015, the company was acquired by Washington Prime Group . Investments
The house c. 1936-43. The mansion was built from 1835 [1] or 1836 to 1838 for Alfred Kelley. [5] Kelley was a notable politician and lawyer, responsible for the Ohio and Erie Canal and Cleveland, Columbus and Cincinnati Railroad. [6]
A large share of the early settlers being natives of Columbus, Ohio caused the name to be selected. [6] A post office called Columbus Grove has been in operation since 1862. [7] The village was incorporated in 1864. [8] President Grover Cleveland made an impromptu speech here from a train caboose during his Goodwill Tour of 1887. [9] [10]