3 ms·
> An example of EE with this open space filled is Kelly's criterion, which of course looks nothing like EUT. I’m not sure if I’m reading this correctly: Kelly
by kgwgk 6y ago
> An example of EE with this open space filled is Kelly's criterion, which of course looks nothing like EUT.
I’m not sure if I’m reading this correctly:
Kelly’s criterion looks nothing like EUT?
Maybe I completely misunderstood what you were trying to say.
https://en.wikipedia.org/wiki/Kelly_criterion https://en.wikipedia.org/wiki/Kelly_criterion
“The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate.”