Tag Archives: Inscription

Shuffling Decks

We’ve previously examined the effect that the arrival of the Darkmoon Faire has on other markets but with it being back in town at present it is perhaps time to share another small yet profitable tip. As we’ve already mentioned, there is profit to be made by timing your purchases and sales around the price spikes created by the faire, but there is also a significant amount of gold to be made by simply turning in completed decks during the faire and then selling the resulting BoE trinkets at the midway point.

The fact that the higher-end decks can only be turned in for one week a month creates an artificial demand spike for the resulting trinkets during the period between fairs. If you are clever enough to catch the decks (or cards if that’s your thing) at low points in price, you can turn them in yourself, hold on to the trinkets for a couple of weeks and then sell the trinkets for a hefty profit when most of the competition is back to selling decks. All it takes is a short ride over to the fair’s location that month. By simply making a play on the patience of other players (or, more specifically, the lack thereof) you can generate a few hundred extra gold every month.

The best part of this strategy is that, not only can you make more gold from the decks, but you also get to keep the faction reputation gain for yourself which is helpful if you’re edging towards insanity.

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All About the Patch 3.2.2 Economy

Here are a few observations about the post-3.2.2 economy based on reader tips we’ve received and the WoWenomics teams’ own observations. We hope you find them useful. Feel free to share your own observations in the comments section.

A Big Ol’ Cup O’ Hurt

The Tankard O’ Terror, a BoE mace dropped by the Brewfest boss, is now being heavily sold in the AH and marketed in the /trade channel. The prices on this item range widely from the area of 1,000 gold to 3,000 or so. Tobold put up a good post explaining that he sees this item being BoE as an oversight on Blizzard’s part and suspects that the item may be made BoP in the near future. We don’t necessarily see that as happening and, in fact, are sellers of this item as opposed to buyers. Currently we will purchase the item at bid levels below 800 gold and sell at any above 1,100. A few of our team members have generated a bit of income with this strategy but longevity is limited. As the event progresses we expect the price to continue to drop as more and more players attain one and post it. Longer term, however, the price of these maces may increase significantly if similar holiday events do not yield comparable weapons. This is to say that, come six months from now, any remaining Tankard O’ Terrors might catch a pretty penny (copper?).

Conversely, sales of the Titansteel Bonecrusher are slowing significantly as players can attain the higher item level Brewfest mace for approximately the same (or lower) price.

On a personal note, I’m pretty sure I drank from that tankard more than once during college.

My Orbs Dropped

No, that wasn’t another personal note. Rather, Crusader Orbs have dropped sharply in price, as they are now attainable for 15 Emblems of Triumph. We actually predict there will be a slight bounce back in going rate for these items as two things happen:

  1. Players will be attracted to the lower price thereby driving up demand and
  2. Players will exhaust their reserve of emblems thereby slowing supply.

Runed Orbs have dropped slightly in price (presumably because more players are crafting the higher level items that require the recently inexpensive Crusader Orbs)

Frozen Orbs have actually increased in price albeit marginally. This is possibly due to content distraction and connection issues. We expect prices to drop back to ‘normal’ levels shortly.

Counting Bodies Like Sheep to the…

Two new types of drums were released. Drums of Forgotten Kings and Drums of the Wild both offer what were previously class specific raid buffs but are now available as a Leatherworking crafted item usable by even non-Leatherworkers. Prices for the drums are being reported to us as between 100 gold and 300 gold. These prices are expected to drop somewhat in the coming days as Leatherworkers flood the market.

Most servers tested showed a sharp increase in the price of the materials required to craft these items. If you are a farmer/supplier of such goods, now is certainly the time to sell.

It is worth noting that the buffs granted by these items do not stack with the class-offered versions of the same.

A Script for Profits

Scribes are reporting success in selling their version of the open-class raid buff, the Runescroll of Fortitude. Current price point on all servers tested varied from a low of just under 10 gold each to a high in the area of 22. This item is also usable by all classes and professions and, similar to the drums, does not stack with similar buffs granted by priests.

In other Inscription news, we’ve received scattered reports that the going rate for a few glyphs is on the rise. Specifically, glyphs that cater to skills in the Mage’s Arcane tree are on the rise (presumably this spec became more attractive given the buffs it received) and we’ve also heard the same (although to a lesser degree) about the Glyph of Seal of Command due to buffs to that specific skill. A few other glyphs have been redesigned and sales are moving upwards or downwards as the community reacts to the changes. If you are a scribe you may wish to reassess your pricing and adjust accordingly.

All Your Buffs Are Belong to Us!

Players would be well advised to note that the buffs granted by the aforementioned drums and scrolls will stack with each other. Further, and perhaps more importantly, the buffs stack with those granted from consumables. Thus, you could theoretically use both types of drums, the scroll and an elixir of both varieties (or a flask) all at once- even while soloing. Take it away min/maxers…

One final comparative note is that the buff granted by the drums is 30 minutes long whereas the scroll grants a 60-minute stamina buff.

A Gem of an Opportunity

Raw gems continue to rise even while the prices of the cut versions stabalize. One area we’ve observed strong gains in price with Armor Penetration gems. This is quite probably a result of players trying to compensate for a nerf to this statistic that was introduced by Blizzard with this patch. Here is a full list of Armor Pen gems to help you plan accordingly. It should be noted that this rise was somewhat unexpected by our team. Rather, we would have predicted a decline in the price of these gems since their value has been nerfed. Perhaps that price drop is still to come.

Further Reading

3.2.2 Information (including the patch notes) from MMO-Champion
Further market predictions from WoW Confidential
3.2.2 Summary from WoWhead
Onyxia Flying Mount video (highlighted just because it’s so damned bad a**)

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The Loot Council- September 13, 2009

The Loot Council is regular column highlighting interesting and informative posts from around the WoW finance blogosphere.

First Up, Business News

On the WoW side of things there was lots of talk of Inscription last week

WoWenomic news highlights not specific to scribes were also pretty good…

Interestingly, there’s also a Monopoly movie in the works. We know, we know… sounds dumb right? But get this, one of our team members is kinda sorta close with an East Coast film producer who shared this interesting theory with him: Seems that video game movies were kinda successful (but, according to the movie execs, we were too dumb to get it) so they went with toy movies. Toys were the next logical step in the descent of our intellectual play and by stepping down the ladder of intellect and complexity the movies were somewhat more successful (Transformers 3 anyone?). The next step in this process is to churn out movies based on board games so here we go with Monopoly. Make sense now? No? Still sounds dumb? Yeah, we think so too but we can’t wait for Checkers, The Movie. We still stand by our own theory, video game movies are just fine thank you very much. Perhaps the problem is not the audience but the crappy movies the studios churned out.

Note that the above blogs are not listed in any particular order outside of the way the team brainstormed them. Please let us know if there are any sites that you feel we should feature and we will do so in a future edition of The Loot Council.

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The Most Profitable Gems, Enchants and Glyphs

One of the questions we get most often from readers is, “What is the most profitable gem/enchant/glyph?” It is impossible to give a definitive answer to this problem since it depends largely on how cheaply you as an individual can attain the materials and how efficiently (and at what price) you can sell the crafted enhancement. Thus, we don’t even attempt to answer this question since it is impossible to quantify. We can tell you what our enchanter says are his most profitable vellums (Boots- Icewalker, Chest- Super Stats and Cloak- Titanweave) or what our Jewelcrafter says are his best sellers (Runed Scarlet Ruby, Brilliant Autumn’s Glow and Solid Sky Saphire), but again, the variance in how cheaply you can attain the materials and how well these specific enhancements sell on your server (not to mention how much competition you have) is too wide to make a general judgment call for all crafters.

This is to say, that we can’t effectively figure out what will work best for you. Nor, can we suggest what is best to use as an enhancement overall. We can, however, determine what people think is best and is, thus, most popular. In determining what items are most in-demand to the general population, you can then make your own judgment calls as to what you should be selling based on how cheaply you can attain the materials vs. how much competition/how efficiently you can sell the crafted item.

So, how do we determine the most popular item enhancements for the majority of WoW players? To do that, we turn to our friends the armory data miners. There are many sites out there that will run scripts on the armory statistics pages and determine what builds are most popular or what achievements are the ‘hardest’ to get. As a side effect of this type of data collection, many sites also gather data on most popular gear and enchantments to that gear. In examining their data. we can then deduce what enhancements (and crafted gear) players prefer.

Our favorite armory data mining sites (for profitable crafting purposes) are:

Armory Musings
Armory Data Mining
Glyph Chic

Peruse their data and see if you can determine what the most popular crafted items and enhancements are.

A Few Things to be Aware of:

  • All data miners use a type of data collection called sampling. Many data collection and aggregate services (including our own WoWenomics financial reports) use this function to produce reports efficiently. Sampling, in short, allows for the collection of sample data from a larger general population that is then considered representative of the entire sampled population. This depends on many factors to work correctly, not the least of which is identification of a representative frame and a functional sampling method.
  • Data is only as good as it is current. Some of the data you unearth out there may be dated and will not account for recent changes to the game or the addition of new recipes.
  • As we understand it, the way the armory provides enchantment data is not by actually stating the specific enchantment, but rather, by listing the specific enhancement value. Thus, some of the data you find may have to be cross-referenced with a tool such as EpicEnchants.com which will allow you to determine who is actually using what enchantment.
  • One, minor observation: It would seem to us that the most popular across-the-board enhancements are those with statistics that don’t favor any particular class or build. Things that grant benefits such as + all stats or + crit will, perhaps predictably, always be most popular with the general player base. The exceptions are + resilience enhancements which are, of course, only of interest to hardcore PVPers.

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The Rise and Fall (and Fall and Fall) of Book of Glyph Mastery

Since our initial post regarding the Book of Glyph Mastery we’ve been tracking the item very closely. As we predicted in that post, this item experienced a price plummet that was both fast and sharp. As regular readers know, we are not fans of speculation or conjecture so we’ll let the data tell the story.

4 Week High: 5344 on Monday, April 20, 2009
4 Week Low: 237 on Tuesday, May 5, 2009

Book of Glyph Mastery 4 weeks

The above was the result of four weeks of testing the Book of Glyph Mastery. The testing format used was exactly the same as for our post-3.1 analysis as this test was part of the same cycle. The only exceptions being that there was no data collected for the week prior to the patch implementation since the item did not exist on live servers until the patch was released and we used a whole number format as opposed to including fractions in the assessment since the margins were insignificant in numbers this large.

One interesting side note: of all the tests we ran the price was higher for the book on the Alliance side than the Horde equivalent over 80% of the times it was checked. Not by a large amount mind you, but it was still higher than what the Horde was buying/selling it for. Make of that what you will…

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Analysis of the Post-3.1 Economy

We’ve now had two weeks to assess the impact of patch 3.1 on the WoW economy. The general consensus has been that, while there were a few areas of opportunity, the Northrend economy overall is in a state of continued decline. We are certainly no fans of assumption here at WoWenomics so we chose a few items, specifically those items we based our own pre-patch predictions upon, to track with standard financial analytics. It is this analysis we share with you now.

When looking at the statistics below you may notice that there are three weeks of listed tests. The purpose of conducing three weeks of testing was to establish a baseline in the week prior to the release of the patch. Bear in mind that the day the patch was released to the (US) public was Tuesday, April 14th. The data listed below reflects the week of prices leading up to this date and the two-week period following.

Items we Predicted Would Rise in Value

Borean Man O’ War

3 week high: 40.84 on Sunday, April 19, 2009
3 week low: 18.51 on Monday, April 27, 2009
3 week average price: 23.22

after-3-1_1-borean-man-o-war

Of all the items we predicted an increase in price for, Borean Man O’ War saw the biggest increase in value in terms of percentage increase. This was particularly true if you invested when we initially recommended a buy on this item.

Eternal Earth

3 week high: 7.16 on Saturday, April 25, 2009
3 week low: 4.68 on Wednesday, April 8, 2009
3 week average price: 5.53

after-3-1_1-eternal-earth2

While we initially recommended investing in this item prior to 3.1 we amended our recommendation based on data that was released shortly before the patch was released. Yet, Eternal Earth still managed to increase in value over our testing period. Not a huge increase mind you, but an increase nonetheless. Interestingly, all three of the eternals we tested showed a spike in value on all servers in the days immediately following the release of the patch.

Eternal Fire

3 week high: 28.64 on Wednesday, April 16, 2009
3 week low: 18.97 on Wednesday, April 8, 2009
3 week average price: 21.95

after-3-1_1-eternal-fire

Prices for Eternal Fire have remained mostly stable showing only a modest increase over the three-week examination period.

Eternal Shadow

3 week high: 6.89 on Thursday, April 16, 2009
3 week low: 3.94 on Wednesday, April 8, 2009
3 week average price: 5.19

after-3-1_1-eternal-shadow

Interestingly, all tracked eternals showed their lowest prices on the same date. As the price increased from both the date of our prediction and the week prior to the patch date, we consider this prediction a success.

Gems

Initially gems did not show much promise for profit following 3.1. Recently however, the gem market seems to be showing promise. This reflects the fact that players are now attaining more new gear through both Ulduar and Arena Season 6.

Glyphs

The profits to be made in the initial days following the release of 3.1 were meaningful and well documented. Our resident inscription expert remarks only that “things have cooled” significantly since then.

High-end Cloth- Moonshroud

3 week high: 96.45 on Wednesday, April 8, 2009
3 week low: 81.82 on Tuesday, April 28, 2009
3 week average price: 88.97

after-3-1_1-moonshroud1

We chose to track Moonshroud for several reasons; the most prevalent being that we feel it has the highest potential for increase. That said, the price of Moonshroud has thus far not increased outside of specific price spikes described in our summary below. Further, the decline in price is representative of the decline of the other two types of high-end tailoring cloth. In fact, were you to lay the charts for all three cloth types over one another you’d find that they decline at an almost impossible to differentiate rate although the price points are different.

Icy Dragonscale

We chose not to track Icy Dragonscale statistically due to the fact that it experienced a very modest increase in price. In fact, the only remarkable thing about this leatherworking item, in our opinion, is just how unremarkable the price changes were. The prices of the dragonscales have remained at almost the exact same levels for the past three weeks indicating that, perhaps, the market had ‘bottomed out’ previously and this item has achieved some level of price stability.

Mana Regeneration Items

We did not track a specific item to represent mana regeneration as we feel there are simply too many options available to the player to enhance mana regeneration. We do note, however, that we’ve seen a modest increase in the going rate of +MP5 food and gems.

Popular Enchantments and Enchanting Materials

As we noted recently, we’re doing a brisk and healthy business in already-enchanted vellums. Beyond that, we are seeing server price spikes in specific enchanting materials but nothing consistent. If you’re in the enchanting mats business you’ll have to frequently check the AH so as to determine when best to buy and sell.

Relic of Ulduar

These reputation turn-in items have not yet shown a significant increase in price. They have performed instead in similar manner as the Icy Dragonscale listed above. The only interesting thing about these relics is that it is the single item that seems to have found a consistent price that is very close to being the same on all servers (the Icy Dragonscale, by contrast, is consistently in the same price range day after day but that price point varies from server to server). The Relic of Ulduar price is about 2 gold per item across every server tested. Prices for the past three weeks have varied by less than 5 silver from this standard on any given day and, remarkably, this remains the same price level whether the items are sold in stacks or as singles.

Titansteel Bars

3 week high: 102.39 on Tuesday, April 7, 2009
3 week low: 77.82 on Tuesday, April 28, 2009
3 week average price: 92.66

after-3-1_1-titansteel-bar2

Titansteel Bars have been the biggest loser so far in our pre-3.1 assessment. Prices have continued downwards in steady decline for the past three weeks outside of occasional price spikes unique to each server.

WoTLK Flasks

Flask prices have not been specifically tracked as they are a different beast entirely. The two-for-one flask split further complicated the issue. That said, we made a huge amount of gold off of flasks with the release of patch 3.1 and will, perhaps, explore the potential for flasks in a future post. Suffice it to say, for now anyway, that flasks are one of the best items to apply the bid/ask strategy to as it can prove very profitable.

WoTLK Herbs

There was no significant increase in herb prices outside of the occasional herb spike. We theorize that the majority of the scribes and alchemists intending to profit from patch 3.1 bought their herbs earlier rather than later. Herb prices have remained, for the most part, consistent throughout the patch.

Items we Predicted Would Fall in Value

BoE Valor Bracers

The decline in price that we predicted for these bracers is difficult to quantify as there is no simple way to track all the various bracers available and the items are typically sold ad-hoc rather than pre-bought and resold on the AH. Anecdotal evidence, however, supports our initial prediction for decline in that the messages observed in /trade chat by all WoWenomics team members clearly shows the asking price for the bracers to be dropping.

Dragonfin Angelfish

3 week high: 60.81 on Friday, April 17, 2009
3 week low: 44.16 on Sunday, April 26, 2009
3 week average price: 53.82

after-3-1_1-dragonfin-angelfish

This item is in slight decline although it is not for the reasons listed in our initial assessment. Rather, the decline here is caused by over fishing. We’ve provided a more in-depth analysis of the post-3.1 fish market here.

Frozen Orbs

3 week high: 92.75 on Sunday, April 12, 2009
3 week low: 70.16 on Sunday, April 26, 2009
3 week average price: 88.23

after-3-1_1-frozen-orb

Frozen Orbs continue to decline in value although it is difficult to differentiate whether this is due to the deflationary effect or because of the reasons mentioned in our initial hypothesis.

Mycah’s Botanical Bag

3 week high: 284.77 on Friday, April 10, 2009
3 week low: 159.18 on Monday, April 27, 2009
3 week average price: 225.16

after-3-1_1-mycahs-botanical-bag

This item has declined significantly since the release of patch 3.1. There is a steep drop in price a few days after the release that we attribute to the introduction of the new and improved herbing bag to the general WoW market.

In Summary

It should be said right off the bat that it is much easier to predict a decline in the price of an item in WoW than it is to predict a gain in value. This is mostly due to the previously established deflationary effect occurring within the overall game economy. Unfortunately you can’t short WoW items. So, while we did end up being entirely accurate in our predictions for declining value, this alone is not much to be proud of.

As far as our predictions for price increases go, we still reason that some of these increases may still occur as the new crafting patterns drop from Ulduar but, the fact is, the demand spike for materials will be small and short-lived. We’ve already seen examples of this on all of our test servers actually. Situations occurred on all four servers wherein the prices of a certain item like Ebonweave spiked significantly in a single test but prices were almost always normalized by the next test approximately12 hours later. These price spikes were not shown in the results above because they occurred at different times for each server and were thus normalized when combined with the statistics of other servers. What this does tell us, however, is that there is still opportunity for an individual to profit by timing their sales of specific high-end items with the spikes that occur on their own servers. Whether or not you’re interested or capable of watching your server’s economy that closely is, of course, a different story. We do advise that you check frequently, or otherwise liquidate strategically. We do not advise holding items for the long term as that strategy is counterintuitive to the overall WoWenomics game.

We will be continuing our testing and tracking of the prices of the above listed items (and a few others) over the next few weeks as we continue our analysis. If there is enough interest in these types of posts, we’ll put something together and share our results with you.

A Few Notes on Our Testing Methods

It should be noted that all of the listed prices are in the ‘Fair Price’ format, a price measurement scheme that is explained on our Terms page in detail. The listed value of items is the fair price of the items as listed in the Auction houses of four servers. The prices that we show are the average of the listed prices on all four servers. Prices were measured at two points during the day and on both horde and alliance sides. Thus, the final listed ‘Fair Price’ that we tracked and shared is the average of both day and night prices over four servers on both the horde and alliance sides. Prices were measured at the same time daily on each server for the sake of consistency. A fifth server was also tested but not factored into the above listed prices as a control test for our results.

On the day that patch 3.1 was released to US servers, April 14th, data was not recorded due to server stability issues. Therefore, the data listed for April 14th is an average of the day prior and following day’s data. Similarly, on Tuesdays following the patch, servers were unavailable for AM testing times so only evening data is listed. We don’t feel either of these averaged scores significantly affected the outcome of our tests and only mention it now in the interests of full disclosure and transparency.

On a personal note I’d like to send a big thanks out to the WoWenomics team members for measuring and recording their data and returning it in a clear and timely fashion.

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Hot Item of the Week- Book of Glyph Mastery

The Book of Glyph Mastery is something of a ‘perfect storm’ in terms of profit potential: It’s new, it is extremely rare (for now), highly desired and can be found by just about anyone. Put another way, these books are extremely high in demand while being severely limited in quantity. When we see that formula, we can’t help but think ‘opportunity’ and here are a few reasons why you should as well.

About the Book- Demand

Books of Glyph Mastery are how scribes potentially learn one of the 40 new glyph recipes in the game. To be clear, for better or worse, these books are the ONLY way to learn one of the 40 new glyphs. They are ‘random world drops’ according to Blizzard so it is not really possible to specifically farm them.

Just to firmly establish the demand level, it will take weeks (if not months) for all of the new glyphs to show up in your server’s economy. Even when the glyphs do become available, they will be in very low supply. Unless you’re very good friends with the particular scribe that can produce a specific glyph, you can expect to pay a ridiculous amount for it. We do, however, expect that the price of the glyphs will decrease over time as demand falls and supply increases. As it stands now, we’ve seen scribes (on several servers) that possess the new glyphs advertising them for as much as 500 gold each. Note, that price is for a single glyph, not a book.

About the Book- Supply

In a sense, you can compare finding one of these books to winning the lottery. Your chances are extremely slim but if you do get a ‘winning ticket’ you can have almost instant wealth (relative to other items anyway). To continue with the lottery comparison, there’s really nothing you can do to work for the winning ticket. Rather, you will either be lucky and find one or you will not. The item cannot be specifically farmed for. There is (at this time) no data that says any one mob will drop the item more than any other. But, again like the lottery, you’ve ‘got to be in it to win it’ meaning that if you’re only doing a few daily non-mob-killing quests or strictly PVP, your chances of finding one are zero.

Use or Sell?

That’s the question isn’t it? What would you do if someone (let’s call him Bob) told you that you had a winning lottery ticket in your pocket but you don’t know how much for? The prize could be as little as $10 or as much as one million dollars. On the other hand, Bob is willing to pay you $10,000 for your ticket right now. The only way to find out the winning ticket’s actual value is to turn it in to the lottery commission, at which point you must accept the amount of the awarded prize and the deal proposed by Bob is off the table. So what would you do? Take the chance and keep the ticket? Or do you take Bob’s deal and go with the sure thing?

This type of predicament is often referred to as utility theory in economics. There’s also a touch of what’s called ‘ethical dilemma’ to this problem. Now, we are not going to delve into the mathematics of this problem here* but we will tell you that to solve it fully you would need all the variables and, in the case of the Book of Glyph Mastery, you simply don’t have them. There is no way to know the true value of the book because it is worth exactly as much as you can sell it for which is simply too subjective to quantify.

What we can tell you is that there are comments on the forums and other sites where people have described selling this item for as little as 400gold and as much as 5,000 gold. We did a little informal polling of guildies and players in trade chat, asking people how much they’d be willing to pay for one of these books. The answers varied wildly. Some people said 500 gold. The highest offer we received was for 6,000G. The most interesting observation from our little informal test was that, on one server, a bidding war erupted in trade chat with scribes (and presumably profiteers) out bidding each other in the /trade channel. We found this interesting because we consistently and publicly reminded the people in the channel that we don’t actually have the item and this didn’t stop them from bidding. The highest bid was ultimately 9.5k gold. Hardly scientific, but now you know what we know.

So What Would We Do?

Put simply, we’d sell it. We are proponents of selling items when they’re costly and purchasing them when they’re inexpensive. Further, we are actively scanning the auction houses on our servers for anyone silly enough to put one up for sale for a low price (think, under 1,000 gold). For what it’s worth, we asked our resident inscription expert if he would purchase one and how much would he pay for it if so. He gave an immediate ‘yes’, said he’d pay up to 3,000 gold, and then proceeded to further convolute the issue by saying it was only so he could “resell it for more than 5,000 to another scribe.”

The Future of this Item

Sometimes you’ve got to move fast to make money. One thing the entire WoWenomics team agrees on here is that the book will suffer from a diminishing value. The later into the lifecycle of patch 3.1 that you find the item, the more likely it will suffer from MUDflation. This one is not something you want to hold in your bank for just the right moment. Find it and sell it, or find it and use it.

Further, we are believers that Blizzard is, perhaps, a little too responsive to massive walls of player QQ. To wit, check out this response from Blizzard and we’re sure you’ll agree with us that this item may be much easier to find in the near future. If you put any faith in that message, you can further see why we advise to sell them now, even if you’re a scribe yourself. Of course, this also means that now is not the time to purchase the book yourself. Wait a while and see if blizzard buffs the drop rate or otherwise changes the mechanics by which it is attained.

*In case you haven’t already guessed from some of our previous posts, we love economic theory and will discuss it ad-nauseam if left unchecked by our friends, spouses and associates. While we’d love to discuss utility theory, moral dilemma and probability statistics with you, we hardly feel this is the forum to do so. Instead, we invite those of you interested in learning more about these theories to do so with the following resources:

  • The mathematical functions behind risk/reward decision-making, told in the form of whether or not to play the lottery.
  • Wikipedia has some good information regarding expected utility and utility functions.
  • They’ve also got a fairly decent page on moral dilemma.
  • Extensive discussion of economic decision-making (PDF) models as applies to utility theory.
  • A thorough introduction of utility theory as applied to economic decision-making (PDF) and portfolio distribution.
  • And finally, from the lighter side of the discussion, we give you the primary reason we have decided not to discuss these issues more in-depth here at WoWenomics: Because we all know that sometimes 2 equals 1.

Somehow we’re guessing the above list of links will be among the least ‘clicked’ links in the history of our site but we invite you to delve further because, well… we’re nerds.

Update: We have recently released a comprehensive graph charting the going rate of the Book of Glyph Mastery. If you are searching for most recent prices, you might want to check here.

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