Convince yourself that the Kelly-fraction of Example 8.1 is perfectly sensible for the fair coin, p =

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Convince yourself that the Kelly-fraction of Example 8.1 is perfectly sensible for the fair coin, p = 0.5, and also for the always winning coin, p = 1.

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A First Course in Quantitative Finance

ISBN: 978-1108419574

1st edition

Authors: Thomas Mazzoni

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Question Posted: Jul 15, 2024 01:00 PM

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Convince yourself that the Kelly-fraction of Example 8.1 is perfectly sensible for the fair coin, p =

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For p 05 the Kellyfraction is 0 which mea...View the full answer

A First Course in Quantitative Finance

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