2 problems

Fix $\alpha\in(0,1)$, and let $W^{\mathrm K}$ denote the ordinary Kelly optimizer. Suppose the local chamber/stratum geometry is nondegenerate near $W^{\mathrm K}$, and let…

Let $p$ and $q$ be the event-probability and pricing data, let $n$ be the horizon, and let $\alpha$ be the quantile parameter. Suppose the exact finite-horizon problem is represent…