Interesting. I don't know much about economics or the Kelly criterion, but my understanding of the argument is that maximising the growth rate is distinct from maximising actual profit arbitrarily far into the future.
Would be cool if there was a simple toy example demonstrating a situation where these differ. Perhaps it even differs for the example in OP.
Would be cool if there was a simple toy example demonstrating a situation where these differ. Perhaps it even differs for the example in OP.