Despite the apparent value of Park Place, McDonald’s floods the market with Park Place pieces, probably to trick naive players into thinking they are close to riches. It helps to know how McDonald’s structures the game. Not close to nothing, but absolutely, positively nothing. That’s worth about $500,000, right?Īctually, it is worth nothing. As always, if you collect Park Place and Boardwalk, you win a million dollars. Here’s the post, mostly in its original form: With that in mind, I thought I would update my explanation of the game theory behind the value of each piece, especially since my new book on bargaining connects the same mechanism to the De Beers diamond monopoly, star free agent athletes, and a shady business deal between Google and Apple.
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