I would be interested if you could say more about the CRRA-optimality point. Does this give us the class of utility functions which prefer fractional Kelly to full Kelly? What do those functions look like?
I also would be interested in learning more, even just a link would be nice.
I would be interested if you could say more about the CRRA-optimality point. Does this give us the class of utility functions which prefer fractional Kelly to full Kelly? What do those functions look like?
I also would be interested in learning more, even just a link would be nice.