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Walt:
It is:
"A New Interpretation of Information Rate".....by J.L. Kelly, Jr.
which appeared in 'THE BELL SYSTEM TECHNICAL JOURNAL, July, 1956.
Charles
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> From: Walt Downs <knight@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Trading GEN: Info on Kelly Principle
> Date: Saturday, January 09, 1999 10:47 AM
>
> Hi all,
>
> A few month's back some RT's were discussing the basics of the
> "Kelly Principle", a form of statistical adjustment that might
> have value in relation to trade size.
>
> I am interested in the original source of this principle. I.e.,
> the full name of the author and what book this principal is
> discussed in.
>
> Thanks,
> Walt Downs
> CIS Trading
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