How Does the Miner’s Profit-Maximization Strategy Relate to the Concept of Maximizing Sharpe Ratio in a Portfolio?
Both strategies involve optimizing returns relative to risk or constraint. Miners maximize profit (return) by selecting the highest fee-rate transactions under the constraint of the block size limit.
A portfolio manager maximizes the Sharpe Ratio by optimizing portfolio return (excess return) relative to its volatility (risk). Both seek the most efficient allocation of limited resources (block space or capital).