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Kelly Can't Fail

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389 points jmount | 1 comments | 19 Dec 24 23:07 UTC | HN request time: 0.21s | source
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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 #
1. 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!