Kelly criterion

Hello, you have come here looking for the meaning of the word 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 Kelly criterion you have here. The definition of the word Kelly criterion will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofKelly criterion, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.

English

English Wikipedia has an article on:
Wikipedia

Etymology

Described by J. L. Kelly, Jr, a researcher at Bell Labs, in 1956.

Noun

Kelly criterion

  1. (probability theory) A formula used to determine the optimal size of a series of bets in order to maximize the logarithm of wealth.