Kelly’s Criterion

  • Ronald W. Shonkwiler
Part of the Springer Undergraduate Texts in Mathematics and Technology book series (SUMAT)


The nature of markets in finance is one of almost constant ups and downs. Against this environment investors make every effort to succeed in their investments relying on studies of equity fundamentals, market dynamics, experience and other factors to assure success. Fortunately most of the time their efforts are rewarded thus growing their investment capital. But not always. Individual stocks may plunge in value only to remain suppressed for a long period of time or even to never recover. And from time to time it gets worse; this can happen to the entire market.


Simple Game Choice Problem Positive Expectation Finite Time Horizon Actual Growth Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Ronald W. Shonkwiler
    • 1
  1. 1.School of MathematicsGeorgia Institute of TechnologyAtlantaUSA

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