Categories
Investments glossary

Kelly Criterion Definition

Spread the love


Quotes of the day:

Reality is the crutch for people who can\'t cope with drugs.

— Lily Tomlin

The Kelly criterion is a mathematical formula relating to the long-term growth of capital developed by John L. Kelly, Jr. The formula was developed by Kelly while working at AT&T’s Bell Laboratories. The formula is currently used by gamblers and investors for risk and money management purposes, to determine what percentage of their bankroll/capital should be used in each bet/trade to maximize long-term growth.

YouTube responded with an error: The request cannot be completed because you have exceeded your <a href="/youtube/v3/getting-started#quota">quota</a>.



We uses YouTube API Services.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply