←back to thread

Kelly Can't Fail

(win-vector.com)
389 points jmount | 2 comments | 19 Dec 24 23:07 UTC | HN request time: 0.397s | source
1. amluto ◴[20 Dec 24 03:08 UTC] No.42467929[source]▶
> The problem and solution appear to come from Thomas Cover.

I don’t recall this specific example, but I learned about the Kelly criterion in a class that Thomas Cover taught. He was one of my favorite teachers, and any discussion with him was guaranteed to be interesting and worthwhile. RIP.

replies(1): >>42479652 #
2. kqr ◴[21 Dec 24 13:48 UTC] No.42479652[source]▶
He's contributed a lot of interesting papers in this area too -- some of them make up a significant chunk of the book on the Kelly criterion!