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According to the assumptions behind the Kelly criterion (maximizing long-term growth rate) you should always take the bet. Kelly criterion can’t be applied here
by LudwigNagasena 5y ago
According to the assumptions behind the Kelly criterion (maximizing long-term growth rate) you should always take the bet. Kelly criterion can’t be applied here because we have a different setup (you can’t choose your bet size), that’s my entire point!