Tag Archives: gambling

We showed in Chapter 6 that side information Y for the horse race X can be used to increase the growth rate by the mutual information I(X;Y). We now extend this result to the stock market. Here, I(X;Y) is an … Continue reading

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The word probability¬†didn’t take on a likelihood-related meaning until maybe the 18th century. The original meaning was synonymous with “worthy of approval”. Also interesting: Ian Hacking suggests that the creation of probability & chance concepts was intimately tied to equiprobable¬†outcomes, … Continue reading

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