Kelly Criterion
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Mar 5, 2024 by Christopher Davis · across every show →
Everything said about Kelly Criterion, oldest first
Mar 5, 2024 negative
Davis: Max-betting every positive expectation edge guarantees ruin
“It was such an insane theory. To think that, you know, the theory would say bet it all every time that you have an advantage. And if everybody did that, you would get a better outcome net. But of course, it's an insane theory because you're certain to end up a…”