The subject : Optimal Betting Under Parameter Uncertainty: Improving the Kelly Criterion
Link that can be used : https://pubsonline.informs.org/doi/abs/10.1287/deca.2013.0271
The term paper is expected to provide:
– a clear description of the decision problem considered in the selected reference (3 pts),
– a summary of the main results obtained in the paper (3 pts),
– a discussion of the model and the results (4 pts),
– systematic numerical experiments to explore a particular aspect or a variant of the problem (5 pts).
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