Whether it is possible to justify Kelly betting even when your utility is linear in money (SBF said it was for him) is very much an open research problem. There are various posts on this topic when you search LessWrong for “Kelly”. I wouldn’t assume Wikipedia contains authoritative information on this question yet.
Whether it is possible to justify Kelly betting even when your utility is linear in money (SBF said it was for him) is very much an open research problem. There are various posts on this topic when you search LessWrong for “Kelly”. I wouldn’t assume Wikipedia contains authoritative information on this question yet.