Fortune's Formula
- FINISHED
- Finished January 2024
- First published 2005
Poundstone traces the Kelly criterion, a betting formula, from Bell Labs to casinos and Wall Street. He follows the people who used it and the arguments over whether it is wise.
Poundstone traces the Kelly criterion, a betting formula, from Bell Labs to casinos and Wall Street. He follows the people who used it and the arguments over whether it is wise.