The Kelly Criterion: Beyond Gambling, a Life Strategy
2025-09-05
A Las Vegas escape room adventure sparked a deep dive into the Kelly Criterion. A friend's quest to use AI to predict American football games and optimize betting led to the discovery of this powerful formula. The author explored the underlying mathematics and philosophy, realizing its applicability extends far beyond finance and gambling. The Kelly Criterion advocates balancing risk and reward for long-term geometric growth, rather than chasing short-term gains. It's not just a formula, but a philosophy for making optimal decisions in life.
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