The problem with "maximizing EV" is that's it's invariably analogous to a martingale, and outside a frictionless vacuum it's non-ergodic: you'll visit a catastrophic failure that prevents you from continuing before you visit +infinity see: EA's relationship with SBF

SBF kept failing upwards by taking double-or-nothing bets, there was always a larger backer to bail him out until one day, there wasn't one and he couldn't continue his martingale

ergodicity is a property a system can have where all points it will eventually visit vary only by starting conditions non-ergodicity is a property where the points a system will eventually visit are affected by path-dependent events that happen along the way

TC: Ok, but let’s say there’s a game: 51% you double the Earth out somewhere else, 49% it all disappears. And would you keep on playing that game, double or nothing? SBF: Yeah…take the pure hypothetical… yeah. TC: So then you keep on playing the game. What’s the chance we’re left with anything? Don’t I just St. Petersburg Paradox you into non-existence? SBF: No, not necessarily – maybe [we’re] St. Petersburg-paradoxed into an enormously valuable existence. That’s the other option.