A large number of networks in the real world have a scale-free structure, and the parameters of the networks change stochastically with time. Searching for the shortest paths in a scale-free dynamic and stochastic network is not only necessary for the estimation of the statistical...

The growth-optimal portfolio optimization strategy pioneered by Kelly is based on constant portfolio rebalancing which makes it sensitive to transaction fees. We examine the effect of fees on an example of a risky asset with a binary return distribution and show that the fees may give rise to an...