Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Kelly Criterion. Parent comment
g = 0.6 log (1 + 2f) + 0.4 log (1 - f)
And locate f=0.5 and compare to the maximum g.
Edit: I wanted to check my intuition so I did: https://www.wolframalpha.com/input/?i=plot++0.6+log+%281+%2B...
Looks like 0.5 is a slight overbet, but still very, very good.
There are no comments on this comment yet.
g = 0.6 log (1 + 2f) + 0.4 log (1 - f)
And locate f=0.5 and compare to the maximum g.
Edit: I wanted to check my intuition so I did: https://www.wolframalpha.com/input/?i=plot++0.6+log+%281+%2B...
Looks like 0.5 is a slight overbet, but still very, very good.