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Kelly Criterion And The Origination Of Bits

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We first encountered Claude Shannon during his extensive appearance in one of our favorite books, Fortune’s Formula, which chronicles his involvement with the applied mathematics that would ultimately become the Kelly Criterion.  More importantly, however, his original ideas about information theory and binary digits, which he nicknamed ‘bits,’ serve as the cornerstone of the information age. via cookandbynum.com

The Origination Of Bits

The Man Who Turned Paper Into Pixels from Delve on Vimeo.



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