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The Kelly Capital Growth Investment Strategy (KCGIS) is to maximize the expected utility of nal wealth with a logarithmic utility function. This approach dates to Bernoulli's 1738 suggestion of log as the utility function arguing that marginal utility was proportional to the reciprocal of...
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Myrdal -- 3. Planning and planning theory: the difficult legacy of Ragnar Frisch -- 4. Basic requirements for the Programming … neglected economists like Gunnar Myrdal, Ragnar Frisch, Vassili Leontief, and Leif Johansen, using their theory to overturn the …
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, unresolved debate of the ‘decision theory’ -- 3. The programming approach as collective decision-and-action centered analysis … (and the ‘planning theory’ movement) -- 4. The programming approach and the mainstream economic ‘general theory’ -- 5. The … ‘programming approach’and the Management Sciences -- 6. The programming approach, the ‘theory of reflexivity’, the crisis of …
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