Jeffrey Ely

Jeff Ely is the Charles E. and Emma H. Morrison Professor of Economics at Northwestern University and an accomplished latte-artist. He is co-director of the Center for Economic Theory, a member of several editorial boards and co-author of the blog Cheap Talk.

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Follow @jeffely on twitter.

20

Aug

Auction Scrabble

The Wall Street Journal Numbers Guy blog covered my auction scrabble idea.

Besides learning that Scrabble can be fun for him when incorporating economics, Ely got some preliminary data on the true value of tiles. Aficionados of the game know that a blank — which can be played as any letter — and S are valuable because they can be used to form so many words. Therefore, playing them on the board is worth just 0 or 1 point, respectively — the tiles’ value comes from the other letters whose usage they make possible. Conversely, Q and Z aren’t part of as many words and are hard to play, so playing them brings a bonus of 10 points (not counting triple word scores and the like).


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Jeffrey Ely

Jeff Ely is the Charles E. and Emma H. Morrison Professor of Economics at Northwestern University and an accomplished latte-artist. He is co-director of the Center for Economic Theory, a member of several editorial boards and co-author of the blog Cheap Talk.

Click here to blast this page, Asteroids style. Space bar fires, arrows move.

20

Aug 2013

Auction Scrabble

The Wall Street Journal Numbers Guy blog covered my auction scrabble idea.

Besides learning that Scrabble can be fun for him when incorporating economics, Ely got some preliminary data on the true value of tiles. Aficionados of the game know that a blank — which can be played as any letter — and S are valuable because they can be used to form so many words. Therefore, playing them on the board is worth just 0 or 1 point, respectively — the tiles’ value comes from the other letters whose usage they make possible. Conversely, Q and Z aren’t part of as many words and are hard to play, so playing them brings a bonus of 10 points (not counting triple word scores and the like).


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>