> he’s arguing 10x Kelly makes sense because when you win such a crazy long shot bet you’ll have enough money to change the world and money doesn’t actually have a diminishing utility ever.
right he also had a thing in there where i think he was conflating the log utility in kelly with human’s tendency to have a logarithmic view of the utility of money.
they’re not actually connected, they’re just both the words “log utility”.
right he also had a thing in there where i think he was conflating the log utility in kelly with human’s tendency to have a logarithmic view of the utility of money.
they’re not actually connected, they’re just both the words “log utility”.