Explore

794 P

Price includes

Import Duties and Taxes. Free shipping available

From Macau

The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series)

0 ratings

Product ID: 62269456

Brand:

world scientific publishing co pte ltd

Add to cart794 P

Spotted a better price elsewhere? Self ship it at cheapest rate!

Learn more

Easy Returns with desertcart PRO

30 day return window

Free replacements & exchanges

Hassle free one-click returns

Customer support

We’re available 24/7 to help you!

Live chat Email

About the item

undefinedThis volume provides the definitive 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.

Disclaimer: The price shown above includes all applicable taxes and fees. The information provided above is for reference purposes only. Products may go out of stock and delivery estimates may change at any time. desertcart does not validate any claims made in the product descriptions above. For additional information, please contact the manufacturer or desertcart customer service. While desertcart makes reasonable efforts to only show products available in your country, some items may be cancelled if they are prohibited for import in United Arab Emirates. For more details, please visit our Support Page.

Frequently Asked Questions About The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) in Macau

Where can I buy The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) online at the best price in the Macau?

desertcart is the best online shopping platform where you can buy The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) from renowned brand(s). desertcart delivers the most unique and largest selection of products from across the world especially from the US, UK and India at best prices and the fastest delivery time.

Is The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) available and ready for delivery in Macau?

desertcart ships the The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) to Macau, Taipa, Coloane, Nossa Senhora de Fátima, Santo Antónioand more cities in Macau. Get unlimited free shipping in 164+ countries with desertcart Plus membership. We can deliver the The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) speedily without the hassle of shipping, customs or duties.

Does desertcart have 100% authentic The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) online?

desertcart buys The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) directly from the authorized agents and verifies the authenticity of all the products. We have a dedicated team who specialize in quality control and efficient delivery. We also provide a free 14 days return policy along with 24/7 customer support experience.

Is it safe to buy The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) on desertcart?

Yes, it is absolutely safe to buy The Kelly Capital Growth Investment Criterion: Theory and Practice (World Scientific Handbook in Financial Economics Series) from desertcart, which is a 100% legitimate site operating in 164 countries. Since 2014, desertcart has been delivering a wide range of products to customers and fulfilling their desires. You will find several positive reviews by desertcart customers on portals like Trustpilot, etc. The website uses an HTTPS system to safeguard all customers and protect financial details and transactions done online. The company uses the latest upgraded technologies and software systems to ensure a fair and safe shopping experience for all customers. Your details are highly secure and guarded by the company using encryption and other latest softwares and technologies.