I don’t mind whether we frame it as utility curves being flatter than logarithmic, or as logarithmic curves but shiffted to the left - both are approximation of the real function regardless. (And mathematically I don’t think there’s even a difference… The slope of ln(x) is 1/x so shifting it left does make it flatter)
The high level point is that both framings seem to imply we should bet far more aggressively that how Kelly Criterion is typically applied
I don’t mind whether we frame it as utility curves being flatter than logarithmic, or as logarithmic curves but shiffted to the left - both are approximation of the real function regardless. (And mathematically I don’t think there’s even a difference… The slope of ln(x) is 1/x so shifting it left does make it flatter)
The high level point is that both framings seem to imply we should bet far more aggressively that how Kelly Criterion is typically applied