---
title: "William T. Ziemba, Leonard C Maclean Et Al og Al Leonard C Maclean Et Kelly Capital Growth Investment Criterion, The: Theory And Practice"
ean: "9789814383134"
brand: "William T. Ziemba, Leonard C Maclean Et Al og Al Leonard C Maclean Et"
category: "Medier > Bøger > Trykte bøger"
price_min: 744
price_max: 744
currency: DKK
vendor_count: 1
in_stock: true
url: https://pricetracker.dk/p/9789814383134/kelly-capital-growth-investment-criterion-the-theory-and-practice
last_checked: 2026-10-14
---

# William T. Ziemba, Leonard C Maclean Et Al og Al Leonard C Maclean Et Kelly Capital Growth Investment Criterion, The: Theory And Practice

EAN 9789814383134 · Mærke: William T. Ziemba, Leonard C Maclean Et Al og Al Leonard C Maclean Et · Kategori: Medier > Bøger > Trykte bøger

Sammenlign priser på William T. Ziemba, Leonard C Maclean Et Al og Al Leonard C Maclean Et Kelly Capital Growth Investment Criterion, The: Theory And Practice fra 1 forhandler. Billigste pris nu: 744 kr hos Saxo DK. Se aktuelle priser og køb hos den billigste forhandler på https://pricetracker.dk/p/9789814383134/kelly-capital-growth-investment-criterion-the-theory-and-practice

## Priser
- **Billigste pris nu:** 744 kr hos Saxo DK
- **Prisspænd:** 744 kr – 744 kr på tværs af 1 forhandler

## Forhandlere
| Forhandler | Pris | Levering |
|---|---|---|
| Saxo DK | 744 kr | — |

## Om produktet
Beskrivelse fra forhandleren Saxo DK:

> 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.

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