Comment on Venture Follow-on and the Kelly Criterion by Jerry Neumann

Comment on Venture Follow-on and the Kelly Criterion by Jerry Neumann 图片 1

In reply to <a href="reactionwheel.net/2017/06/venture-follow-on-and-the-kelly-criterion.html Blazer</a>.

Whoops, thanks for pointing that out, I always screw it up. The odds are 5 to 1. (Just like the odds for a fair coin are 1 to 1: you win 1, and so end up with 2 including your bet, or you lose 1. With a die you win 5 or lose 1.)

Fixed it in the post.

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