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.
"Investing under uncertainty: Mathematical models and computer simulations,"
Colorado Mathematics Teacher: Vol. 52
, Article 1.
Available at: https://digscholarship.unco.edu/cmt/vol52/iss1/1