Poker Quiz #1: Expected Value

The idea of expected value is one that comes up often in poker and trading discussions. Expected value is the sum of the probability of each possible event times that event’s payoff. For example, if you were to flip a fair coin where you got paid $2 for heads and lost...

On Trading Games

We talk a lot on this site about how various games are related to trading. Poker is our favorite example, but we’ve also mentioned Agricola, Magic: The Gathering, fantasy drafting, and even video games. One may notice, however, that we’ve never mentioned a board game that involves trading. Why is...
Why you should play your worse fantasy football lineup

Fantasy Football: Play Your Worse Lineup?

Before we get into fantasy football strategies, let’s first discuss nontransitivity in preferences. Most of our day-to-day experience is with coherent preferences; if I like Kit Kats more than Mounds, and I like Reese’s Peanut Butter Cups more than Kit Kats, then I must like the PB Cups more than...

Taking Biases out of Fantasy Trades

It’s a classic Fantasy Football situation. Team A has an extra running back, but only one startable wide receiver. Team B has an extra receiver, but only one startable running back. It’s a fantasy match made in heaven, but somehow they’re not able to agree on a trade. How is...
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