Conversation

This Tweet was deleted by the Tweet author. Learn more

This Tweet was deleted by the Tweet author. Learn more

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

Yeah kelly implies really large bet sizes, also often it's too conservative (!!!)

1

1

5

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

So I agree that kelly is best in its class at *median* outcome but it's obviously not at *mean*. Why is median what you're maximizing for?

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

ya you have to include those still though kelly doesn't maximize mean

4:18 AM · Aug 29, 2020Twitter Web App

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

nope, math be weird if you have a 50/50 coin that pays out 1.01 : 1, then lim_n-->inf [ (1/2)^n * 2.01^n ] = inf, and in fact is mean maximizing even though lim_n-->inf [(1/2)^n] = 0, e.g. its median outcome is 0.

1

10