[Zillow](https://www.zillow.com/) announced it would use 'algorithms' to identify cheap properties that it could later flip for a handsome profit. Sounds obvious enough right? Surely with a big-data advantage, they will be able to do better in the housing market than the average punter? Turns out they couldn't.
If you’re somewhat technologically aware and haven’t been living under a rock for the last year, you’ve probably heard of NFT’s, perhaps specifically that one NFT sold for $69 million USD.
In this post we will explore how playing positive expected value games is not always a good idea, even if you can play them repeatedly. This runs counter to common beliefs regarding expected values.