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please define "Kelly optimizes for total wealth" I disagree for many reasonable definitions of it. For some it's true!

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wait if it's not an iterated bet? what if it's just a single bet?

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and

All bets made in one's life is a series of iterations regardless of the events, are they not?

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and

sure but they're not all the same bet, and you can get different answers in that case

8:25 AM · Dec 14, 2020Twitter Web App

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and

Right. So each bet can be maximized using Kelly and betting higher than this value leads risk of ruin to converge to 1 in an infinite series of bets. Is this a false statement?

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and

1) I don't care about an infinite series of bets, we only have finite series of bets 2) do you not care that upside and expected wealth converge to infinity quickly in those cases? Are you approximating X*Y where x --> inf and y --> 0 as 0?

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