Bet Sizing at the Frontier

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× Investing at the Edge of Knowledge, Part 4 · Start with Part 1 “He who acts in N plays to make his mean log of wealth as big as it can be made will, with odds that go to one as N soars, beat me who acts to meet my own tastes for risk.” That’s Paul Samuelson, writing in one-syllable words. The title of his 1979 paper : “Why We Should Not Make Mean Log of Wealth Big Though…

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