Paul Butler personal blog
The Kelly criterion: How to size bets (2019)
Let’s play a game. I have a coin that lands heads 60% of the time and tails 40% of the time. You have $25 and can bet on either side of the coin — every time you’re right you double your bet, and every time you are wrong you lose it.
- Points
- 271
- HN comments
- 122
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Math & AlgorithmsTech Industry & Business2022
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Feb 8, 2022 | The Kelly criterion: How to size bets (2019) by airstrike | 271 | 122 |
