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- W2913941520 abstract "For gambling on horses, a one-parameter family of utility functions is proposed, which contains Kelly’s logarithmic criterion and the expected-return criterion as special cases. The strategies that maximize the utility function are derived, and the connection to the Renyi divergence is shown. Optimal strategies are also derived when the gambler has some side information; this setting leads to a novel conditional Renyi divergence." @default.
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- W2913941520 date "2019-07-01" @default.
- W2913941520 modified "2023-09-27" @default.
- W2913941520 title "Gambling and Rényi Divergence" @default.
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- W2913941520 doi "https://doi.org/10.1109/isit.2019.8849800" @default.
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