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Mike on probability
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    5
    0 starsmike | Shared With: Everyone - Sep 17 2008 | probability, gambling
    Kelly criterion - Wikipedia, the free encyclopedia

    Quoted: In probability theory, the Kelly criterion, or Kelly formula, or Kelly bet, is a formula used to maximize the long-term growth rate of repeated plays of a given gamble that has positive expected value.

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    7
    0 starsmike | Shared With: Everyone - Jul 25 2006 | baseball, statistics, probability, math
    Managing with Markov | Harvard Magazine 2002

    Next Expected Run Values (NERV) - I like scoring a baseball game. Even better is tracking the change in NERV as each batter progresses...

    Quoted: May-June 2002: Features

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