Code I wrote for this video: https://github.com/manforowicz/Manim-Videos/blob/main/kelly_criterion.py Great ergodicity economics blog post by Jason Collins: https://www.jasoncollins.blog/posts/ergodicity-economics-a-primer Related article: Myers, J. K. (2021). Multiplicative Gains, Non-ergodic Utility, and the Just One More Paradox (with Supplemental Information). https://www.researchsquare.com/article/rs-237495/latest.pdf Another nice video about the Kelly criterion: https://www.youtube.com/watch?v=-9JM9suCIHs