Search results
Results From The WOW.Com Content Network
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.
In probability theory, Proebsting's paradox is an argument that appears to show that the Kelly criterion can lead to ruin. Although it can be resolved mathematically, it raises some interesting issues about the practical application of Kelly, especially in investing. It was named and first discussed by Edward O. Thorp in 2008. [1]
Kelly betting or proportional betting is an application of information theory to investing and gambling. Its discoverer was John Larry Kelly, Jr. Part of Kelly's insight was to have the gambler maximize the expectation of the logarithm of his capital, rather than the expected profit from each bet. This is important, since in the latter case ...
Moira Kelly (born March 6, 1968) [2] is an American actress. She is known for portraying Kate Moseley in the 1992 film The Cutting Edge as well as single mother Karen Roe on the teen drama One Tree Hill .
This is a partial list of 20th-century women artists, sorted alphabetically by decade of birth.These artists are known for creating artworks that are primarily visual in nature, in traditional media such as painting, sculpture, photography, printmaking, ceramics as well as in more recently developed genres, such as installation art, performance art, conceptual art, digital art and video art.
Kelly LeBrock [1] (born March 24, 1960 [2]) is an American actress and model. Her acting debut was in The Woman in Red (1984), alongside Gene Wilder . She also starred in the John Hughes film Weird Science (1985), and in Hard to Kill (1990), opposite her then-husband Steven Seagal .
Mary Kelly (born 1941, Fort Dodge, Iowa [2]) is an American conceptual artist, feminist, educator, and writer. [3]Kelly has contributed extensively to the discourse of feminism and postmodernism through her large-scale narrative installations and theoretical writings.