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Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.
By applying the fundamental recurrence formulas we may easily compute the successive convergents of this continued fraction to be 1, 3/2, 7/5, 17/12, 41/29, 99/70, 239/169, ..., where each successive convergent is formed by taking the numerator plus the denominator of the preceding term as the denominator in the next term, then adding in the ...
A unit fraction is a common fraction with a numerator of 1 (e.g., 1 / 7 ). Unit fractions can also be expressed using negative exponents, as in 2 −1, which represents 1/2, and 2 −2, which represents 1/(2 2) or 1/4. A dyadic fraction is a common fraction in which the denominator is a power of two, e.g. 1 / 8 = 1 / 2 3 .
where c 1 = 1 / a 1 , c 2 = a 1 / a 2 , c 3 = a 2 / a 1 a 3 , and in general c n+1 = 1 / a n+1 c n . Second, if none of the partial denominators b i are zero we can use a similar procedure to choose another sequence { d i } to make each partial denominator a 1:
"The length of the period of the simple continued fraction expansion of d 1/2 ". Pacific J. Math. 71: 21– 32. doi: 10.2140/pjm.1977.71.21. Davenport, H. (December 1982). The Higher Arithmetic. Cambridge University Press. ISBN 0-521-28678-6. Gliga, Alexandra Ioana (17 March 2006). On continued fractions of the square root of prime numbers (PDF).
Hollywood star Ryan Reynolds is among a group of investors who have agreed a deal to pay €200 million ($218 million) for a 24% stake in the Alpine Formula 1 motor racing team. The deal sees ...
Thus F 6 consists of F 5 together with the fractions 1 / 6 and 5 / 6 . The middle term of a Farey sequence F n is always 1 / 2 , for n > 1. From this, we can relate the lengths of F n and F n−1 using Euler's totient function φ(n): | | = | | + ().
The Rhind Mathematical Papyrus, [1] [2] an ancient Egyptian mathematical work, includes a mathematical table for converting rational numbers of the form 2/n into Egyptian fractions (sums of distinct unit fractions), the form the Egyptians used to write fractional numbers. The text describes the representation of 50 rational numbers.