19th December 2005, 09:42 AM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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I've seen that and wholeheartedly concur with the many detractors.
Earlier I alerted all to a graphic Kelly Simulator. That showed traumatic volatility over its limit of ~450 runs.
The 650 runs mentioned, even though over 5 years are clearly contrived, or fallaciously backfitted if you prefer.
Extend that sample 10-fold and the percolating POT will evaporate.
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