This article introduces an innovative extension of the Kelly criterion, which has traditionally been used in gambling, sports wagering, and investment contexts. The Kelly criterion extension (KCE) refines the traditional capital growth function to be...
The purpose of this study is to address the critical issue of optimal credit allocation. Predicting a borrower’s probability of default is a key requirement of any credit allocation system but turning it into labeled classes leads to problems in perf...
In financial applications, the Kelly criterion is a well-known strategy for maximizing long-term growth, but is often criticized for its high-risk approach. To mitigate this effect, previous research proposed two risk-adjusted Kelly criteria in a fin...
The purpose of this article is to analyze a sequence of independent bets by modeling it with a convective-diffusion equation (CDE). The approach follows the derivation of the Kelly Criterion (i.e., with a binomial distribution for the numbers of wins...
The bandwidth of the ±1-order Kelly sidebands of mode-locking fiber lasers is investigated for narrow terahertz (THz) signal generation. Four key factors influencing the bandwidth of Kelly sidebands are found and analyzed in detail. Then, a nu...
I derive practical formulas for optimal arrangements between sophisticated stock market investors (continuous-time Kelly gamblers or, more generally, CRRA investors) and the brokers who lend them cash for leveraged bets on a high Sharpe asset (i.e.,...
A quantum game is constructed from a sequence of independent and identically polarised spin-1/2 particles. Information about their possible polarisation is provided to a bettor, who can wager in successive double-or-nothing games on measurement outco...
Funding shortages are a persistent issue, particularly for small and medium-sized enterprises (SMEs), and the problem tends to worsen cyclically. The market for factoring and invoice discounting aims to address delays in payment for commercial invoic...
Proceeding from Australia’s specific situation as a settler colony, this article discusses how the ambivalences and fissures of settler subjectivity shape processes of homemaking. Settler homemaking depends on the disturbance of Indigenous Aust...
Freshwater microbialites (i.e., lithifying microbial mats) are quite rare in northern latitudes of the North American continent, with two lakes (Pavilion and Kelly Lakes) of southeastern BC containing a morphological variety of such structures. We in...
Neuroblastoma is the second most frequent extracranial tumor, affecting young children worldwide. One hallmark of tumors such as neuroblastomas, is the expression of polysialic acid, which interferes with adhesion and may promote invasion and metasta...
A method is developed to complete an incomplete set of equations of state of a thermodynamic system. Once the complete set of equations is found, in order to verify the thermodynamic validity of a system, the Hessian and entropy methods are exposed....
Inefficiencies in energy trading systems of microgrids are mainly caused by uncertainty in non-stationary operating environments. The problem of uncertainty can be mitigated by analyzing patterns of primary operation parameters and their correspondin...
Motivated by a horse betting problem, a new conditional Rényi divergence is introduced. It is compared with the conditional Rényi divergences that appear in the definitions of the dependence measures by Csiszár and Sibson, and th...
In a global society, in which geotechnical projects are increasingly designed in a country other than the one where construction takes place, geotechnical risk management must be extended to cover infrastructure works, which are smaller than dams and...
This paper studies a two-person trading game in continuous time that generalizes Garivaltis (2018) to allow for stock prices that both jump and diffuse. Analogous to Bell and Cover (1988) in discrete time, the players start by choosing fair randomiza...
A large body of research in the field of psychology currently points to a variety of therapeutic outcomes derived from psychedelically occasioned mystical experience. Moreover, additional research suggests that such benefits to mental and emotional w...
A well construction plan includes a drilling program, drilling fluids, casing-setting-depth selection, casing-grade-combination design, bit selection, cementing, and a wellhead design. Casing-setting-depth selection techniques are an integral part of...
Quantitative trading systems require predictive models that simultaneously deliver accurate forecasts, calibrated uncertainty quantification, and actionable risk measures. This paper proposes an information-theoretic semiparametric regression framewo...
This essay asks what the figure of the Hollywood dance-in—a dancer who performed in place of a star prior to filming and who assisted the choreographer in the creation of dance numbers—can reveal about the reproduction of corporeality as...
The portfolio optimization problem generally refers to creating an investment portfolio or asset allocation that achieves an optimal balance of expected risk and return. These portfolio returns are traditionally assumed to be continuous random variab...
The Journal retracts the article titled “Delineating Conformational Variability in Small Protein Structures Using Combinatorial Refinement Strategies” [...]
We present an analogue of the classical Gittins index for a one-armed decision problem with a continuous spectrum of payoffs. The model assumes that the decision-maker observes independent realizations of a random variable and, at each step, decides...
The molecular mechanisms and gene regulatory networks sustaining cell proliferation in neuroblastoma (NBL) cells are still not fully understood. In this tumor context, it has been proposed that anti-proliferative drugs, such as the pan-HDAC inhibitor...
There was an error in the original publication [...]
Photodynamic therapy (PDT) exploits photoactivated materials that generate reactive oxygen species (ROS) to induce selective cancer cell death. Nitrogen-doped carbon dots (N-CDs) have emerged as promising photosensitizers owing to their favorable opt...
Does philosophy of religion, specifically, have anything to contribute to the cultural debate about the modern crisis of meaning, and particularly to attempts at retrieving a sense of enchantment beyond human construction? Suggesting a methodological...
In this paper, which is the third installment of the author’s trilogy on margin loan pricing, we analyze 1367 monthly observations of the U.S. broker call money rate, e.g., the interest rate at which stockbrokers can borrow to fund their margin...
The formulation of greener composite materials by substituting glass fibers with natural fibers is a current field of research. If such natural fiber reinforcements come from industrial side streams, as hemp core fibers (HCFs) come from the extractio...
Combined Kelly syndrome, also known as anterior hyperfunction syndrome, is a complex pathological condition of the stomatognathic system, originally established by five characteristics but primarily triggered by edentulism, specifically, the absence...
The Kelly criterion determines optimal bet sizes that maximize long-term growth. While growth is definitely an important consideration, the focus on growth alone can lead to significant drawdowns, leading to psychological discomfort for a risk-taker....
In this study, we have attempted to manufacture functionally graded materials (FGMs) using aluminum alloys 3003 and 6063 via a hot extrusion process to realize multifunctionality through achieving high strength and low weight. The FGMs were fabricate...
The purpose of this reply is to address the comments given by Kelly et al. on our original paper “Unique Brain Network Identification Number for Parkinson’s and Healthy Individuals using Structural MRI”. We agree to the inadvertent...
In the published article [...]
This study investigated the ultrathin Cu(002) capping nano-island effects on the magnetic characterizations and microstructure of epitaxial FePt(001) films directly fabricated on MgO(001) substrates at the relatively low temperature of 300 °C via ele...
The MgO nanolayer effect on the microstructure and magnetic characterizations added into Fe/Pt stacked films directly deposited onto MgO (001) single-crystal substrates at the reduced temperature of 380 °C using electron-beam technology was inves...
The need for freshwater supplies is increasingly rising according to the increase in the inhabitants’ expansion and economic growth. Available water resources are reduced by pollution and overpumping. This research’s prime objective is to...
The study of the contribution of spatial transformation skills to driving behavior is a research topic substantiated by scarce evidence. In previous studies, we found that mental rotation and perspective-taking skills have an influence on performance...
There are currently few data on the impact of mask resupply on longer-term adherence to positive airway pressure (PAP) therapy. This retrospective analysis investigated the effects of mask/mask cushion resupply on the adherence to PAP versus no resup...
This paper will introduce the use of intentional inclusions and inner space within glass as a means of creative expression, as an emerging area of practice-based research within the field of art glass. This includes the definition of key concepts, a...
Background: Chemoresistance, particularly to cisplatin, remains a significant challenge in treating high-risk neuroblastoma, resulting in a mere 20% five-year overall survival rate. Tumour-derived small extracellular vesicles (sEVs) have been implica...
Banks make profits from the difference between short-term and long-term loan interest rates. To issue loans, banks raise funds from capital markets. Since the long-term loan rate is relatively stable, but short-term interest is usually variable, ther...
Neuroblastoma (NBL) is a pediatric cancer responsible for more than 15% of cancer deaths in children, with 800 new cases each year in the United States alone. Genomic amplification of the MYC oncogene family member MYCN characterizes a subset of high...
Background/Objectives: To evaluate the agreement and discriminant validation of different osteosarcopenic adiposity (OSAd) diagnostic criteria in women post-Roux-en-Y gastric bypass (RYGB) surgery. Methods: Surgery. This is a cross-sectional study wi...
Financial time series and other human-driven, non-natural processes are known to exhibit fat-tailed outcome distributions. That is, such processes demonstrate a greater tendency for extreme outcomes than the normal distribution or other natural distr...
This note provides a neat and enjoyable expansion and application of the magnificent Ordentlich-Cover theory of “universal portfolios”. I generalize Cover’s benchmark of the best constant-rebalanced portfolio (or 1-linear trading strategy) in hindsig...
In our information age, information alone has become a driver of social growth. Information is the fuel of “big data” companies, and the decision-making compass of policy makers. Can we quantify how much information leads to how much social growth po...
Poly(lactic acid) (PLA) is one of the most well-known biopolymers. PLA is bio-based, biocompatible, biodegradable, and easy to produce. This polymer has been used to create natural fiber reinforced composites. However, to produce high-performance and...
Utility and risk are two often competing measurements on the investment success. We show that efficient trade-off between these two measurements for investment portfolios happens, in general, on a convex curve in the two-dimensional space of utility...
The Growth-Optimal Portfolio (GOP) theory determines the path of bet sizes that maximize long-term wealth. This multi-horizon goal makes it more appealing among practitioners than myopic approaches, like Markowitz’s mean-variance or risk parity...
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