I don’t understand the relevance of the Kelly criterion. The wikipedia page for the Kelly criterion states that “[t]he Kelly bet size is found by maximizing the expected value of the logarithm of wealth,” but that’s not relevant here, is it?
I don’t understand the relevance of the Kelly criterion. The wikipedia page for the Kelly criterion states that “[t]he Kelly bet size is found by maximizing the expected value of the logarithm of wealth,” but that’s not relevant here, is it?