Yes—I cited Peters in the post (and stole one of their images). Personally I don’t actually think what they are doing has as much value as they seem to think, although that’s a whole other conversation. I basically think something akin to your third bullet point.
Having read your comments on the other post, I think I understand your critique, and I don’t think there’s much more to be said if you take the utility as axiomatic. However, I guess the larger point I’m trying to make is there are other reasons to care about Kelly other than if you’re a log-utility maximiser. (Several of which you mention in your post)
Yes—I cited Peters in the post (and stole one of their images). Personally I don’t actually think what they are doing has as much value as they seem to think, although that’s a whole other conversation. I basically think something akin to your third bullet point.
Having read your comments on the other post, I think I understand your critique, and I don’t think there’s much more to be said if you take the utility as axiomatic. However, I guess the larger point I’m trying to make is there are other reasons to care about Kelly other than if you’re a log-utility maximiser. (Several of which you mention in your post)