Based on Kelly XXXXXXXXXXYou currently have $100. Each week, you can invest any amount of money you currently have in a risky investment. With probability 0.4, the amount you invest is tripled (e.g.,...

Based on Kelly (1956). You currently have $100. Each week, you can invest any amount of money you currently have in a risky investment. With probability 0.4, the amount you invest is tripled (e.g., if you invest $100, you increase your asset position by $300), and, with probability 0.6, the amount you invest is lost. Consider the following investment strategies:

■ Each week invest 10% of your money.

■ Each week invest 30% of your money.

■ Each week invest 50% of your money.