You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

Vaniver comments on How much to spend on a high-variance option? - Less Wrong Discussion

9 Post author: RolfAndreassen 03 January 2013 06:38PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (36)

You are viewing a single comment's thread. Show more comments above.

Comment author: Vaniver 03 January 2013 08:07:03PM 6 points [-]

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.