October 3, 2011 in Thinking Analytically
Monopoly
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https://doi.org/10.1287/LYTX.2011.05.14
Winning at board games is often determined by identifying and controlling the most valuable locations on the board. The game board in Figure 1 represents a scaled-down version of the popular board game Monopoly.
This board contains eight tiles. Four of these tiles are property files indicated by the colors green, yellow, red and blue. When a player lands on a property tile, rent is paid to the property owner. The four corner tiles are instructional tiles. If a player lands on a corner tile, he or she immediately follows the instructions on that tile.
All players start on the “START” tile and advance clockwise around the board based on the outcome of the spinner. The spinner has the numbers one through four indicating how many spaces a player moves.
Figure 1
Question:
Which property is the most valuable to own (that is, which property do players end their turn on most often)?
Send your answer to [email protected] by Nov. 15. The winner, chosen randomly from the correct answers, will receive an “Analytics: Driving Better Business Decisions” T-shirt.
John Toczek is the AVP Predictive Modeling at Chubb in the Decision Analytics and Predictive Modeling department. He earned his BSc. in Chemical Engineering at Drexel University (1996) and his MSc. in Operations Research from Virginia Commonwealth University (2005).