Re: Reasons for Kelly

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Posted by Bisser on July 14, 1997 at 11:17:26: In Reply to: Re: Reasons for Kelly posted by David D'Aquin on July 13, 1997 at 16:46:39:


Sorry, I am a little slow getting things here since this is a new topic to me. Does this goal of maximizing the expected log-growth of the capital have anything to do with defining "utility = log(money)" or is it just a result of some optimization procedure?

Bisser


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