Michael Stars

Kelly Capital Growth Investment Criterion The Theory And Practice - T9000z

Description: About this Item The item is a book Hardback The Title is Kelly Capital Growth Investment Criterion, The: Theory And Practice : 3 Condition New Other Comments Pages Count - 882. Binding type - Hardcover. Content Language - English Category - BUSINESS & ECONOMICS / Investments & Securities / General BUSINESS & ECONOMICS / Finance / General Product Description - This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured. We Use Stock Images Because we have over 2 million items for sale we have to use stock images, this listing does not include the actual image of the item for sale. The purchase of this specific item is made with the understanding that the image shown in this listing is a stock image and not the actual item for sale. For example: some of our stock images include stickers, labels, price tags, hyper stickers, obi's, promotional messages, signatures and or writing which may not be available in the actual item. When possible we will add details of the items we are selling to help buyers know what is included in the item for sale. The details are provided automatically from our central master database and can sometimes be wrong. Books are released in many editions and variations, such as standard edition, re-issue, not for sale, promotional, special edition, limited edition, and many other editions and versions. The Book you receive could be any of these editions or variations. If you are looking for a specific edition or version please contact us to verify what we are selling. Gift IdeasThis is a great Christmas gift idea. Hours of ServiceWe have many warehouses, some of the warehouses process orders seven days a week, but the Administration Support Staff are located at a head office location, outside of the warehouses, and typically work only Monday to Friday. Location ID 9000z iHaveit SKU ID 166360651

Price: 379.73 USD

Location: US

End Time: 2025-02-14T08:53:11.000Z

Shipping Cost: 5.21 USD

Product Images

Kelly Capital Growth Investment Criterion The  Theory And Practice   - T9000z

Item Specifics

Restocking Fee: No

Return shipping will be paid by: Buyer

All returns accepted: Returns Accepted

Item must be returned within: 30 Days

Refund will be given as: Money Back

Fiction/Non-Fiction: Non-Fiction

Genre/Subject: BUSINESS & ECONOMICS / Investments & Securities / General

Narrator/Voice Actors: NA

Length: 244.09

Running Time: NA

Special Attributes: NA

Age Level: NA

Modified Item: NA

Modification Description: NA

Title: Kelly Capital Growth Investment Criterion, The Theory And Practi

Series: NA

Signed: NA

Inscribed: NA

Personalized: NA

California Prop 65 Warning: NA

Weight: 1.59

Publisher: World Industries Scientific Publishing Co Pte LTD

Book Title: Kelly Capital Growth Investment Criterion : Theory and Practice

Publication Year: 2010

Topic: Game Theory, Finance / General, Investments & Securities / Analysis & Trading Strategies, Investments & Securities / General

Number of Pages: 900 Pages

Language: English

Illustrator: Yes

Genre: Mathematics, Business & Economics

Item Weight: 0.1 Oz

Author: Edward O . Thorp, William T. Ziemba, Leonard C. Maclean

Format: Hardcover

Recommended

1991-92 Topps Kelly Miller Washington Capitals #342
1991-92 Topps Kelly Miller Washington Capitals #342

$1.50

View Details
Washington Capitals Cards Inserts Vintage Rookies Collection
Washington Capitals Cards Inserts Vintage Rookies Collection

$0.99

View Details
1984 Topps USFL - #36 Jim Kelly (RC) - Great Condition But Short Crease🔥🔥🔥
1984 Topps USFL - #36 Jim Kelly (RC) - Great Condition But Short Crease🔥🔥🔥

$89.99

View Details
1990-91 Topps Kelly Miller #81a Washington Capitals
1990-91 Topps Kelly Miller #81a Washington Capitals

$1.36

View Details
95-96 UPPER DECK COLLECTORS CHOICE PLATINUM PLAYERS CLUB #1-396 *66434
95-96 UPPER DECK COLLECTORS CHOICE PLATINUM PLAYERS CLUB #1-396 *66434

$1.00

View Details
Kelly Great by Wynton Kelly (CD, Mar-2006, Collectables)
Kelly Great by Wynton Kelly (CD, Mar-2006, Collectables)

$8.67

View Details
2.00 SPECIAL - KING KELLY  UNSIGNED  PEREZ STEELE GREAT MOMENTS CARD
2.00 SPECIAL - KING KELLY UNSIGNED PEREZ STEELE GREAT MOMENTS CARD

$2.00

View Details
Wynton Kelly ‎– Kelly Great (1993 CD)
Wynton Kelly ‎– Kelly Great (1993 CD)

$11.24

View Details
Emmett Kelly Jr 9913 Kodak's Clown/ Great Condition/ No. 849 of 2000/ Authentic
Emmett Kelly Jr 9913 Kodak's Clown/ Great Condition/ No. 849 of 2000/ Authentic

$97.89

View Details
Kelly Miller 1990-91 Topps 81 Washington Capitals Hockey Card
Kelly Miller 1990-91 Topps 81 Washington Capitals Hockey Card

$1.00

View Details