Thanks! I do get the purpose/idea behind kelly criterion, but I don’t get how to actually do the math, nor how to intuitively think about it when making decisions the way I intuitively think about expected value.
Are you familiar with derivatives, and the properties of logarithms?
I am familiar with derivatives. I don’t remember the properties of logarithms but I half remember the base change one :).
Thanks! I do get the purpose/idea behind kelly criterion, but I don’t get how to actually do the math, nor how to intuitively think about it when making decisions the way I intuitively think about expected value.
Are you familiar with derivatives, and the properties of logarithms?
I am familiar with derivatives. I don’t remember the properties of logarithms but I half remember the base change one :).