Piotrowski, E. W.; Schroeder, M. - In: The European Physical Journal B - Condensed Matter and … 57 (2007) 2, pp. 201-203
Kelly criterion, that maximizes the expectation value of the logarithm of wealth for bookmaker bets, gives an advantage over different class of strategies. We use projective symmetries for a explanation of this fact. Kelly's approach allows for an interesting financial interpretation of the...