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Colorado Mathematics Teacher

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Investing Under Uncertainty: Mathematical Models And Computer Simulations, Alfinio Flores Feb 2019

Investing Under Uncertainty: Mathematical Models And Computer Simulations, Alfinio Flores

Colorado Mathematics Teacher

Students do probabilistic models for investment strategies and bankroll management. Students develop a better understanding for the Kelly criterion as a function of paying odds using an interactive graph. Then students conduct computer simulations to compare two investment strategies, first investing a fixed amount, and then using the Kelly criterion.