FACTOID # 34: Ethiopians are by far the most agricultural people on earth (both men and women)
 
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Encyclopedia > John Larry Kelly, Jr

John Larry Kelly, Jr. (1923-1965), was a scientist who worked at Bell Labs. He is best known for formulating the Kelly criterion, an algorithm for maximally investing your money. To meet Wikipedias quality standards, this article or section may require cleanup. ... The Kelly Criterion or sometimes refered to as Kelly formula is a formula used to maximize the long-run growth rate of repeated plays of a given gamble that has positive expected value. ...


He was born in Corsicana, Texas. He spent four years in the US Navy as a pilot during World War II before entering the University of Texas at Austin. He graduated with a PhD in Physics in 1953. Corsicana is a city located in Navarro County, Texas. ...


References

  • John L. Kelly, Jr and His Friends by William Poundstone.

 

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