Kelly Growth Criterion app for iPhone and iPad


4.1 ( 2821 ratings )
Business Utilities
Developer: minh tran
0.99 USD
Current version: 1.0, last update: 7 years ago
First release : 18 Feb 2014
App size: 285.96 Kb

In probability theory and intertemporal portfolio choice, the Kelly criterion, Kelly strategy, Kelly formula, or Kelly bet, is a formula used to determine the optimal size of a series of bets. In most gambling scenarios, and some investing scenarios under some simplifying assumptions, the Kelly strategy will do better than any essentially different strategy in the long run (that is, over a span of time in which the observed fraction of bets that are successful equals the probability that any given bet will be successful).