William Poundstone - There is a deep connection between Bernoulli's dictum and John...

There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes.

William Poundstone

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William Poundstone Quotes

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There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes. William Poundstone

They Said So®

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deep connection bernoulli' dictum john kelly' publication turns prescription restated simple rule faced choice wagers investments choose highest geometric means outcomes

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