You don't have the slightest idea of what does it mean to maximize the expectation of logarithmic utility, do you? Will you believe it from the mouth of Ole Pe

You don't have the slightest idea of what does it mean to maximize the expectation of logarithmic utility, do you? Will you believe it from the mouth of Ole Peters himself? This is from the Nature Physics article: "we had worked out in detail the correspondences between linear utility and additive dynamics; and between logarithmic utility and multiplicative dynamics" From "The time resolution of the St Petersburg paradox": "the time-average performance of the lottery is computed. The final result can be phrased mathematically identically to Daniel Bernoulli's resolution, which uses logarithmic utility" "Equation (6.10) is mathematically equivalent to Bernoulli's use of logarithmic utility."