 Hi everyone, it's MJ and in this video, we are going to be playing formula one fantasy mode So what we need to do is choose a whole bunch of drivers add in a constructor and hopefully our team Scores the most points. Of course, it's a little bit tricky because we do have a budget So we can't just put in the best people ever so whenever we presented with a bit of a limitation and We have some some data. I thought It would be pretty cool if we build some sort of model To just assist us in our decision. So what I'm assuming is that these values over here So this is how much it cost to put in each of the drivers or each of the teams I'm assuming that this information here is not just random that they have based it on You know actual events performance and expected results But there's another source of data that we can actually map this on to and and that's actually what I've done I've created this little model over here. I do apologize. It doesn't look very neat at all But essentially what I did is I took that values So all that monetary values in the game and I put it over here and then I took the gambling odds now The reason I took the gambling odds is because I'm also making the assumption that they're based on historical data Expected results and what we would expect is that if you've got a very high value You've got all your odds are the odds payoffs is going to be very low So the less or the cheaper you are the bigger the payoffs going to be if you somehow win because it's just you know Assumed with the likelihood. So we do expect that this to be as this one goes down This one goes up, but we do see that some of the drivers Kind of deviate a little bit around here So what we're seeing from the model is we're seeing that science is Relatively cheap and what I mean by relative cheap I mean that the value in the game have tended to undervalue him Where it is interesting is the game seems to have made Magnuson and Perez quite expensive So we're gonna go into the model and we're definitely gonna want to choose science and we're gonna want to avoid Magnuson and Perez and that like I said, we're just using two types of data putting them together to see if there is a Little bit that we can get from that. So I think what we want to do is choose We said science was was off was the most Cheapest driver and you can see 33 percent a lot of people are choosing him as well So we're gonna we're gonna bring him in now What makes this game a little bit more interesting is that you have this turbo driver and the turbo driver receives double points each week But I think the turbo driver The problem with him is that there's a little bit of a limitation in the sense that I think the turbo driver cannot be Super expensive. So the most expensive Turbo driver you can get is Gasly I think y'all we don't have to double-check that a little bit afterwards So we're gonna choose gasly simply because he is the most Well, he's the most expensive driver that we can get that is gonna give us the double points Okay, now we need to choose three more drivers While taking our budget into consideration One thing I am gonna do is choose Ferrari as my constructor over Mercedes and I can see the majority of people have done that as well And I think what we saw with Ferrari last season is that they've got all even this season now They're gonna have two good drivers Where as Mercedes really only has one drive and we can see that but us is not very much rated Both in the value and in the odds Okay, but we've got 45 million and we've got like around three more drivers to choose I Mean Hamilton is of course you really want Hamilton, but at 30.5. He's expensive. He is the favorite I want to see can I get both Hamilton and Max for stubborn, okay? No, I have I have gone over my budget Well, we still need to pick an entire other driver, so We have to choose between Max for stubborn and Hamilton I mean really really like for stubborn But I mean Hamilton is maybe the the smart one What did our model say regarding cheap drivers who else is is relatively cheap? So we want a driver who's got a low thing here. So that is saying cubica and Kivac So they I think y'all let's maybe put in Kivac just because He's super cheap. Who's cheaper between Kivac and Cubica Yeah, they're both 5.5 million there You can see 20% of the population have gone for Kivac only 18.6 have gone for Cubica, I'm not expecting Williams to be anywhere this season with Torah Rosso. I Mean, I'm surprised I'll be honest worth more than as a rookie more than Kivac So let's put in Kivac. I don't like him, but we he's cheap the model recommends it and Now we left at 40.3. Okay Let's see if we choose Hamilton We left with 9.8. Who can we get for 9.8? I mean the next big driver because we'd want to just maximize it is Grozhon, okay, so we can either go for Hamilton and Grozhon, and I just want to just double-check to the turbo points So your turbo points must be valued at 19 million or less So I mean, this is the whole reason why we've gone for for Gasly Wait, we're not finished. We're not finished. Okay, so we can either go with Hamilton and Grozhon We've left point five out or We can go with Max for Stuppin and then we have 15 million But you see if we go with Max for Stuppin and then we go with say Ricardo She's 64% of people going with Ricardo. Yeah, I kind of think Hulkenberg Personally, I think Hulkenberg is gonna beat him. But if we look at that model I Think Hulkenberg was a little bit on the expense of such I see Hulkenberg So you want this to be as low so Kubica and Kivar are cheap players Perez Magnuson and Hulkenberg are considered to be overvalued Although I think Hulkenberg. I think Hulkenberg is gonna beat Ricardo. But anyway, we could go for for Stuppin and We could go for for Stuppin and Ricardo the old teammates, but then we have a budget leftover of 3.8 million Hmm That's That's maybe not better than What Hamilton and Grosjean? It's an it's an interesting one. It's an interesting Decision that we're gonna have to go for You know what we're gonna do reason why I'm gonna go with Hamilton and The reason I'm gonna go with Grosjean is it does give us just a little bit more diversification to where is Grosjean There we go, and we've kind of utilized the best of budget So we'll have some Mercedes exposure with Hamilton We'll have some Red Bull exposure with Gasly and we'll have some Ferrari exposure with with the actual team Kivar and science. I mean, yeah, we're not expecting them to score that many points, but I think they can I mean, you know, there's the other strategy which is to go to big drivers and then then three other ones but I think we're gonna do that. I think we're gonna make that decision No, Toro Rosso is Well, they've got McLaren is one of as weaker than Haas and Alfa Romeo and Racing Point. Sure. I Don't know. We're gonna go with science the model The model told us to choose science and we want this to be an actuarial decision so we're gonna go with science and Let's see how the rest that goes. I think we click save team what should we call our team the MJ Actuary team MJ Actuarial team and it can even kind of put in spaces. So that makes it look nicer Select favorite team. I mean, of course for Rory There we go Okey-dokey next you can create your own league. I think there is yeah, let's create a league Let's call it the Actuarial League and then you guys can join in as well Um It shouldn't let you have your only one team only one team. Okay create league Put that one in there enter and create and there we go That is the invitation code I'll put that in the description of this video and then if you guys want you can you can join the Actuarial League and Compete against me and see who knows more about formula one I highly recommend the the drive to survive show on Netflix if you've got that Check it out. It's a lot of fun. Otherwise. Yeah, let's see who chose the best team Anyway, keep well guys, and I'll see you soon. Cheers