?Steve

Posted by Mike Lea on July 07, 1997 at 14:19:49: In Reply to: Expected utility posted by Steve Heston on July 05, 1997 at 14:30:49:

Steve, you say,

" A "Kelly" bettor maximizes the expectation of ln(G), while a risk-neutral bettor maximizes _the expectation of_ G."

I am not understanding something here. If you are talking about bet sizing to maximize the expectation of ln(G) will you not come out at the same bet size that maximizes the expectation of G? If what I am saying is true, why worry about ln(G) at all?

Thanks, Mike

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Follow Ups:

• Example Steve Heston 22:08:02 7/07/97 (4)
  • Thanks, but...... Mike Lea 08:27:08 7/08/97 (3)
    • A common mistake Steve Heston 10:15:18 7/08/97 (2)

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