The Spiral Knights Price Guide is a project I've undertaken to catalog materials prices and provide statistics based on them, such as measures of central tendency and standard deviation. Its aim is to help you find out which materials are actually valuable while you're traveling the Clockworks, as well as show you when materials are really over or underpriced.
Most of you are probably rich enough not to care about the price of materials, but it's still an interesting look at the economy, especially shard prices. If you would like to expand the sope of this guy, post in this thread.
Prices for materials are updated daily at a time.
You can view it here:
http://tinyurl.com/skpriceguide
Shard Chart
http://i.imgur.com/E1f6T.png
How to Use Guide
Look at the rows to find a material (they are arranged by star value). The statistics are as follow:
Std Dev: The standard deviation. The standard deviation measures the degree of variability in the prices - basically, how they usually deviate from the mean.
Mean: The mean. This is the mean of all the prices. Anything within about 2 standard deviations from the mean is considered usual price fluctuation; anything over that is an unusual event.
Dated Columns: The price for that particular date.
Lower, you will see statistics for ALL materials:
Mean: The mean price of all materials for that day.
Median: The 'middle value' of all materials for that day.
Mode: The most occurring price in materials for that day.
Std. Dev: The standard deviation for all materials that day. The lower the number, the more 'compact' the prices are.
Sum: How much it would cost you to buy one of each material.
How should I list prices?
The first rule of listing prices is always undercut by as low an amount as you can. The Spiral Knights economy operates in what is called a "perfectly competitive market". Everyone has access to the Clockworks with which to gain materials. No one has enough power to set prices; in addition, products are homogenous: my Blue Shard isn't any different from anyone else's Blue Shard.
Therefore, it is senseless to try and set a price outside the current market price: Overcharging will result in nobody buying, while undercharging results in you losing money. What I do is list my price one crown below market, and set my bid to one standard deviation below market: This way, you will at least get a 'usual' amount of money for your item.
Thanks for this! I hope you keep up the good work.. its quite nice to see this kind of stuff.