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Kelly criterion
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
Described by J. L. Kelly, Jr, a researcher at Bell Labs, in 1956.
Noun
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en probability theory A formula used to determine the optimal size of a series of bets in order to maximize the logarithm of wealth.
Related terms
en Kelly bet
en Kelly strategy
en eponyms