Code I wrote for this video: https://github.com/manforowicz/Manim-Videos/blob/main/kelly_criterion.pyGreat ergodicity economics blog post by Jason Collins: h...
What is wrong with it? That’s exactly what he shows in the video. When betting it all, equal wins and losses is a net loss. The point is betting some fraction such that the gains overtake the losses
What is wrong with it? That’s exactly what he shows in the video. When betting it all, equal wins and losses is a net loss. The point is betting some fraction such that the gains overtake the losses