About this document
Distinguishing Kelly Criterion and Optimal f by sasha_fang is a document available to read on EtoBox.
The document compares the Kelly Criterion and Optimal f for determining the optimal fraction of a stake to risk in order to maximize geometric growth. While the Kelly Criterion and Optimal f yield the same optimal fraction in a special gambling case, they are different concepts and can yield different results in most trading situations. Optimal f provides the correct optimal fraction to risk in all cases, while the Kelly Criterion only does so in the special case and can result in values greater than 1, whi
- Author
- sasha_fang
- Language
- EN