"How much should you bet, if the odds are in your favor?"Böhm, AxelWe talk about how the expected value can be misleading in games with skewed payoffs; how Bernoulli and Kelly proposed different solutions and how these are related. |
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3rd Vienna Workshop on
Computational Optimization
June 4-6, 2025
Vienna, AUSTRIA
"How much should you bet, if the odds are in your favor?"Böhm, AxelWe talk about how the expected value can be misleading in games with skewed payoffs; how Bernoulli and Kelly proposed different solutions and how these are related. |