To whom it may concern:
This thread is for the discussion of Less Wrong topics that have not appeared in recent posts. If a discussion gets unwieldy, celebrate by turning it into a top-level post.
(After the critical success of part II, and the strong box office sales of part III in spite of mixed reviews, will part IV finally see the June Open Thread jump the shark?)
Ahh, Kelly criterion, correct?
...
*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.)