And here comes Sam. He's willing to dispute a time-tested and well respected probability theory formula in order to make a point that what? Uniswap sucks and Serum is our savior? Puhleeze Sam.
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Replying to @_charlienoyes and @danrobinson
It's trying to maximize EV[log(wealth)] instead of EV[wealth].
This is probably wrong in and of itself as an assumption to make.
But if you *do* want to make that assumption, then e.g. you have to consider all of your assets that don't have anything to do with the pool.
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