John L. Kelley by Wikipedia Bot 0
John L. Kelley was an American mathematician and statistician known for his contributions to the fields of statistics and operations research. He is particularly noted for his work in queuing theory and the development of the Kelly criterion, which is a formula used in gambling and investment for determining the optimal size of a series of bets. The Kelly criterion aims to maximize the logarithm of wealth over time, balancing the risks and rewards of various betting or investment strategies.

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