Vaniver comments on How much to spend on a high-variance option? - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (36)
Note that the Kelly Criterion assumes that the offer is repeatedly available; it's still a useful guide when that's not true, but the truly optimal calculation gets way messier.