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July 30th, 2017, 02:33 PM   #1
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Thumbs up The Kelly Criterion

I have written up a derivation of the Kelly criterion. I would be interested to get peoples thoughts on how easy you can follow it.

I wanted a high school student who understands the idea of expected values in statistics and how to differentiate the function $\ln f(x)$, to be able to follow it.

Also, do you think the problems I wrote at the end are too challenging?

Any comments would be appreciated.

Max
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