22 ms·

Exposition of a New Theory on the Measurement of Risk (1738) [pdf]

• kqr 3y ago
  I have been looking for this paper in a standalone version! Previously I've only come across it as the first chapter of The Kelly Capital Growth Criterion, which is an otherwise also excellent book and recommended reading for anyone for whom this is their thing!
  • mbustamanter 3y ago
    I read the two first or so papers of the book and understood them, but I coulnd't get past because I lack the sufficient probability theory (I'm a functional analyst). Now it's been in my queue for some time but I hope to get to it after finishing the references I'm reading now.
  • igk 3y ago
    https://www.amazon.com/KELLY-CAPITAL-GROWTH-INVESTMENT-CRITERION/dp/9814383139 https://www.amazon.com/KELLY-CAPITAL-GROWTH-INVESTMENT-CRITE... this book?
    • kqr 3y ago
      That would be the one. I can till from the caps locked URL.
• mwexler 3y ago
  Should date in the parent be (1954)?
  • maroonblazer 3y ago
    Only if the title is also changed to include "Translation".
    • mwexler 3y ago
      Fair point. Had missed the footnote on first review.
• hammock 3y ago
  >the determination of the value of an item must don’t be based on its price, but rather on the utility it yields (In regards to a poor man with 9k ducats or a 50/50 20k ducat lottery ticket) A bird in hand is worth two in the bush