roland comments on Open Thread: June 2010 - Less Wrong

5 Post author: Morendil 01 June 2010 06:04PM

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Comment author: roland 01 June 2010 06:59:29PM 3 points [-]

Ahh, Kelly criterion, correct?

Comment author: RobinZ 01 June 2010 08:18:38PM 1 point [-]

...

*looks up Kelly criterion*

That's definitely a related result. (So related, in fact, that thinking about the +EV slots the other day got me wondering what the optimal fraction of your wealth was to bid on an arbitrary bet - which, of course, is just the Kelly criterion.)