Trill News

If you can't explain it to a six-year-old, you don't understand it yourself. — Albert Einstein
  1. NFL playoff picture: Updated projections, chances to make the postseason We're looking ahead to how the 14-team playoff picture could line up -- and who will win divisions -- en route to the Super Bowl.
  2. NYU Langone Privately Bought the Site of a Landmark AMC Theater — New Yorkers Are Now Fighting to Save It “We came to this place for magic.” On a rainy Sunday afternoon, Manhattan Borough President Brad Hoylman-Sigal stood in solidarity with more than 100 New Yorkers outside AMC Kips Bay 15.
  3. Man, 82, dies after beach fight with 76-year-old over sunlounger in Greece One eyewitness said the scene was so chaotic that screaming could be heard from the other end of the beach.
  4. No Dogs in Space is back to feed your need for obsessive music history In August, I wrote about my love of the music history podcast No Dogs in Space, but mourned the fact that there hadn't been a new episode in over two years.
  5. How El Nino will impact travel in the coming year Where to go, where to reconsider travel, and how to prepare for the weather El Nino might bring.
  6. Andrew Young, Eric Holder reflect on the state of civil, voting rights after court decisions When Andrew Young rose from his motorized chair and took his seat on stage Friday, he received rousing applause.
OPINION FEATURED STORY

Kelly Criterion The Bet Sizing Formula Behind Blackjack and Wall Street

Wikipedia

The Kelly criterion is a bet sizing formula that sets what fraction of a bankroll to stake, and getting that fraction wrong destroys an otherwise sound edge. John Larry Kelly Jr. published it at Bell Labs in 1956 in A New Interpretation of Information Rate, deriving it from Claude Shannon's work on noisy communication channels rather than from any theory of finance.

Read on Trill News →
Kelly Criterion The Bet Sizing Formula Behind Blackjack and Wall Street
PAGE 1 OF 28 NEXT

FIND A BOOK ON BOOKSHOP.ORG