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Kelly criterion. In DICTIOUS you will not only get to know all the dictionary meanings for the word
Kelly criterion, but we will also tell you about its etymology, its characteristics and you will know how to say
Kelly criterion in singular and plural. Everything you need to know about the word
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English
Etymology
Described by J. L. Kelly, Jr, a researcher at Bell Labs, in 1956.
Noun
Kelly criterion
- (probability theory) A formula used to determine the optimal size of a series of bets in order to maximize the logarithm of wealth.