Yes, this is a post about the board game Carcassonne – not a metaphor for something else so if you aren't interested in this game stop reading here. 🙂
Carcassonne has some very interesting financial elements (although not as interesting as the all time greatest finance board game – Modern Art).
I think of the best way to think of Carcassonne is by breaking features down by liquidity, risk & reward:
short term liquidity – roads
medium term liquidity – castles
long term liquidity – cloisters
illiquid – fields
low risk/reward – roads
med risk/reward – cloisters
med risk, high reward – fields
high risk/reward – castles
Next step would be calculating liquidity premium to see if there are systematic advantages to different features.
I've only played it about 10 times so comments from veteran players welcome.