How do you define maximized growth and why is it important for anything if utility is not log?
Shapes of utility function have everything to do with determining your bet sizes. Can you provide one reason to use Kelly that is not connected to the shape of the utility function?
Not to escalate but calling a very well known fact about Kelly a misconception doesn't make for a good start. I mean it's math you can verify or open Wikipedia and read the very first paragraph there.
Shapes of utility function have everything to do with determining your bet sizes. Can you provide one reason to use Kelly that is not connected to the shape of the utility function?
Not to escalate but calling a very well known fact about Kelly a misconception doesn't make for a good start. I mean it's math you can verify or open Wikipedia and read the very first paragraph there.