Re:Dont think of price, think of cost per use
by saeranv on Friday June 10, 2022 @08:16PM
(#31700753)
Looking at the wikipedia derivation of the Kelly criterion, taking the logarithm of the expected rate of return E[r] = (1 + fb)^p (1 - fa)^(1-p) is just to make finding the derivative easier (because logs are monotonic). Nothing else.
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