Apologies for the confusion but I was talking about Samuelson's argument against the Kelly criterion.
If I was to make one gamble per day and wanted to maximise my profit after 50 years, I don't know if I'd use the Kelly criterion. I need to think about it.
If I was to make one gamble per day and wanted to maximise my profit after 50 years, I don't know if I'd use the Kelly criterion. I need to think about it.