[Izverg04]

[ QUOTE ]

[ QUOTE ]
RTTmax can be interpreted as the risk tolerance treshold for an infinite wage.

[/ QUOTE ]

This loses me. Why can it be interpreted this way? Just because it takes no time? You are still only winning EV'...
so calling it an infinite wage confuses me. Am I missing something?

[/ QUOTE ]
By wage I mean $/hr, so it's infinite. I am making this interpretation because I see only one key difference between bet with EV1 and EV' -- the first one takes time and the second one doesn't.

(There is also the difference that wager EV' is made only in conjunction with wager EV1, but I am assuming that after making wager EV1 your risk tolerance doesn't change)