Word.ws English Dictionary

Kelly criterion

Kelly criterion noun: a formula used to determine the optimal size of a series of bets in order to maximize the logarithm of wealth.

Noun

Kelly criterion

  1. A formula used to determine the optimal size of a series of bets in order to maximize the logarithm of wealth.

Origin of Kelly criterion

Described by J. L. Kelly, Jr, a researcher at Bell Labs, in 1956.

Questions about Kelly criterion

What does Kelly criterion mean?
Kelly criterion means a formula used to determine the optimal size of a series of bets in order to maximize the logarithm of wealth.
What part of speech is Kelly criterion?
Kelly criterion is a noun.

Words near Kelly criterion in the dictionary

  1. Kellum
  2. Kellums
  3. kelly
  4. Kelly Bray
  5. Kelly Bundy
  6. Kelly criterion
  7. kelly drive
  8. kelly drives
  9. kelly green
  10. Kelly Kettle
  11. Kelly pool

Source and license

Adapted from Wiktionary: Kelly criterion (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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