You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
This book focuses on the place sand purpose of emotions in the research process, and explores the appropriate boundaries. Designed to explore how to manage the emotional content of research, the text service as a supplemental to qualitative research method courses, and is an excellent reference for the professional as well.
None
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 tha...