{"title":"A Dynamic Kelly Criterion for Games with a Maximum Payout","authors":"Nick Rubino, Maya Rebholz, Klaus Volpert","doi":"10.1080/00029890.2024.2351051","DOIUrl":null,"url":null,"abstract":"In 1956, J.L. Kelly provided the formula for the optimal portion f of one’s capital to bet on a coin toss with favorable odds. We show that when the bet can be repeated a fixed number of times, but...","PeriodicalId":501497,"journal":{"name":"The American Mathematical Monthly","volume":"194 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The American Mathematical Monthly","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/00029890.2024.2351051","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
In 1956, J.L. Kelly provided the formula for the optimal portion f of one’s capital to bet on a coin toss with favorable odds. We show that when the bet can be repeated a fixed number of times, but...
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