5756金融与交易中等数值题short
Growth Rate at a Chosen Overbet Fraction
题目
A repeatable even-money bet wins with probability 0.60 (full-Kelly fraction is 0.20). A trader instead stakes a fixed 0.30 of capital every round. What is his expected log-growth rate per round, and is it above or below the full-Kelly rate? Give the growth rate as a decimal.
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你的答案
Expected log-growth rate per round
Comparison to the full-Kelly rate