Kelly Criterion Calculator 1.2
Free Version
Publisher Description
"In probability theory and intertemporal portfolio choice, the Kelly criterion (or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive. It was described by J. L. Kelly Jr, a researcher at Bell Labs, in 1956.
For an even money bet, the Kelly criterion computes the wager size percentage by multiplying the percent chance to win by two, then subtracting one. So, for a bet with a 70% chance to win the optimal wager size is 40% of available funds.
The practical use of the formula has been demonstrated for gambling and the same idea was used to explain diversification in investment management. In the 2000s, Kelly-style analysis became a part of mainstream investment theory and the claim has been made that well-known successful investors including Warren Buffett and Bill Gross use Kelly methods. William Poundstone wrote an extensive popular account of the history of Kelly betting."
- Wikipedia (https://en.wikipedia.org/wiki/Kelly_criterion)
Jul 28, 2022
Version 1.2
improvements to design
About Kelly Criterion Calculator
Kelly Criterion Calculator is a free app for iOS published in the Action list of apps, part of Games & Entertainment.
The company that develops Kelly Criterion Calculator is Hergott Technologies, Inc. The latest version released by its developer is 1.2.
To install Kelly Criterion Calculator on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2022-07-28 and was downloaded 63 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Kelly Criterion Calculator as malware if the download link is broken.
How to install Kelly Criterion Calculator on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Kelly Criterion Calculator is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Kelly Criterion Calculator is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
