| Abstract |
The paper persents a new rating system for two player games based on Kelly Criterion which is often utilized for gambling and financial engineering. The advantage of the proposed system is the ability to assess playing strenght based on both the final outcome of the game and the style of play. The last aspect of the rating assessment system is novel compared to the rating systems developed so far (like ELO, Bradley-Terry, etc.) as well as tackling the problem of drawn games. To the very best authors knowledge the approach presented below is a relatively new look at the problem of playing strength assessment but still based on probability theory. The paper presents and discusses few illustrative examples. |
