Proebsting's paradox
id:
proebsting-s-paradox-305-3495556
title:
Proebsting's paradox
text:
In probability theory, Proebsting's paradox is an argument that appears to show that the Kelly criterion can lead to ruin. Although it can be resolved mathematically, it raises some interesting issues about the practical application of Kelly, especially in investing. It was named and first discussed by Edward O. Thorp in 2008. The paradox was named for Todd Proebsting, its creator.
brand slug:
wiki
category slug:
encyclopedia
description:
Gambling paradox
original url:
https://en.wikipedia.org/wiki/Proebsting%27s_paradox
date created:
date modified:
2024-01-16T14:46:52Z
main entity:
{"identifier":"Q7247873","url":"https://www.wikidata.org/entity/Q7247873"}
image:
fields total:
13
integrity:
14