Kelly Criteria – Proof using Calculus Knowledge

Kelly Criteria – Proof using Calculus Knowledge

  A New Interpretation of Information Rate. Created in 1956 by John Kelly, a Bell Labs scientist. Let us consider a communication channel which is used to transmit the results of a chance situation before those results become common knowledge, so that a gambler may still place bets at the original odds. Consider first the case of a noiseless binary channel, which might be used, for example, to transmit the results of a series of…

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Next Generation of Financial Markets for Traders–A Must Read List

Next Generation of Financial Markets for Traders–A Must Read List

If you have not watched some of those videos below.. Or if you do not know majority of those sites. You must re consider what you know about todays financial market opportunities or modern financial markets. Some names: Courtney Smith – Coach of   Martin (Marty) Schwartz, also known as Buzzy, is a well-known Wall Street trader who has amassed a substantial fortune trading futures, stocks and options. He is also an author of the day…

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Edward Thorp who beat the dealer, and later, beat the market

Edward Thorp who beat the dealer, and later, beat the market

It was during the late-50’s and early-60’s, when Ed (Edward Thorp), a math genius and professor at MIT, took on the challenge of discovering a way to get an edge playing gambling games such as blackjack, roulette and baccarat. Long story short; Ed won—and he’s now considered the father of card counting. From there, the next obvious move for Ed was to take on financial markets—which he also did with a great degree of success….

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Prediction Markets–If it is not trading what is it?

Prediction Markets–If it is not trading what is it?

While many are only hearing about prediction markets for the first time, for near a decade they were active. It is a shame that I have not noticed them. Life is strange. For example; trading on the outcome of Britney Spear’s conservatorship and the Suez Canal obstruction! – Could this event become a contract? In order to understand the process you need to navigate first.   Polymarket PredictIt Kalshi   A prediction market is a…

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Living Longer – Learning from an Ultimate Question of Life

Living Longer – Learning from an Ultimate Question of Life

Life expectancy was driven mainly by improvements in sanitation, housing, and education, causing a steady decline in early and mid-life mortality, which was chiefly due to infections. This trend continued with the development of vaccines and then antibiotics. By the latter half of the twentieth century, there was little room for further reduction in early and mid-life mortality.

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Moonshots for SAP – Where does S/4 HANA drive your company?

Moonshots for SAP – Where does S/4 HANA drive your company?

It is not easy to follow without any voice over but you can give it a try. I have composed this slide deck nearly a year ago and the after cheking it last night I really felt that it is even more relevant today. MOONSHOTS for in-memory computing from ugur candan I recently published an other PPT in slideshare. In this one I tries to summarise some interesting examples from digital transformation and in one…

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