On: Kelly Criterion – how to calculate optimal bet siz...

[kqr]

That's an interesting connection! I've heard risk managers talk about how people put too much faith in the mean outcome and don't focus enough on the median outcome. I didn't know there's a correspondence to the Kelly criterion.

[eru → kqr]

See also https://www.stat.berkeley.edu/~aldous/157/Papers/Good_Bad_Ke...