Tuesday, July 4, 2017

Real GDP per capita by state

(To the chess players following my blog: this is my only post that isn't about chess. I will get back to forecasting top tournaments shortly)

In the US, we have 50 economic laboratories (or states, as normal people call them) in which to conduct policy experiments. But until recently, it was difficult to assess the results. This is because prices vary enormously across the country. In my personal experience, $1000 in Kirksville, Missouri will buy a lot more than $1000 in Seattle, Washington. As a result, incomes are not directly comparable across states and regions. If average income in State X is $50,000 while it's $40,000 in State Y, we shouldn't assume that State X is richer. If everything in State X is twice as expensive, then its residents actually have less buying power.

So the price level in a state matters, and if we don't account for it, then our results might be misleading. Fortunately, GeoFRED now has price data from all 50 states. The Regional Price Parity Index is scaled so that it equals 100 for the average across all the states. I combined this with data on state GDP and population. The result is GDP per capita data that is adjusted for the state's price level. Here are a two maps with the results for 2015.




And here is the table with the numbers. The richest state is...Washington D.C., which isn't a state. The state with the highest real GDP per capita is North Dakota. Missouri is around the middle of the pack. There is a huge amount of variation across states. North Dakota's real GDP per capita is nearly double that of Mississippi. Adjusting for state price levels can make a large difference. For example, in nominal dollars, Hawaii appears to be doing well, but once the high cost of living is factored in, it is actually one of the poorer states.

Rank    Real GDP PC  State
1          154,421.3373   District of Columbia
2          80060.5584     North Dakota
3          72652.66931   Delaware
4          69851.81862   Wyoming
5          68527.06189   Alaska
6          67302.29894   Massachusetts
7          66127.30755   Nebraska
8          65776.80559   Connecticut
9          63491.70446   New York
10        62362.12019   Iowa
11        62209.54228   South Dakota
12        61205.92307   Minnesota
13        60680.76384   Texas
14        60324.22161   Illinois
15        59490.66586   Washington
16        58668.9758     Ohio
17        57786.80952   Kansas
18        56566.837       Pennsylvania
19        56347.08586   California
20        56281.47129   Louisiana
21        56165.73898   Virginia
22        56162.43017   Wisconsin
23        55740.34301   Maryland
24        55720.95019   Colorado
25        55696.53155   New Jersey
26        55581.05966   Indiana
27        54604.03253   North Carolina
28        54233.0421     Oregon
29        53946.792       Missouri
30        53522.22254   Oklahoma
31        53412.85035   Rhode Island
32        53408.90286   Tennessee
33        53177.80317   New Hampshire
34        53101.21558   Georgia
35        51397.26629   Utah
36        50750.32633   Michigan
37        49917.14963   Nevada
38        48950.75208   Kentucky
39        47633.61484   Vermont
40        47604.77343   Hawaii
41        47473.56822   New Mexico
42        47465.52086   Alabama
43        46856.86443   Montana
44        45662.75954   South Carolina
45        45598.63808   Arkansas
46        44836.66775   West Virginia
47        44438.22669   Arizona
48        44004.59498   Maine
49        43877.81112   Florida
50        42403.47641   Idaho

51        41085.36712   Mississippi

Sources: 
Regional Price Parities: All Items by State (Index) from GeoFRED
Resident Population by State (Thousands of Persons) from GeoFRED
Total Gross Domestic Product by State (Millions of Dollars) from GeoFRED
The maps were created using Google's Fusion Tables

Tuesday, June 6, 2017

Altibox Norway Chess

The Norway Chess Tournament has begun. Will Wesley So continue to dominate elite tournaments? Will Carlsen reassert his status as World Champion? Or will some other top player prevail? Here's my forecast.



Wednesday, May 31, 2017

A Game from the 2017 Chicago Open

I had a fantastic tournament, scoring 4-0 in the U2100 section. My favorite game is the one below. My opponent was a rapidly rising star. He's just 14 and his USCF rating is already around 2100. His chessboard said, "2015 National Elementary Championship." For comparison, your blogger competed in the same tournament back in 2002 - and was thrilled to break the 1300 barrier. Getting a 1300 rating in 6th grade used to be a big achievement. But this new generation is leaving me in the dust... I won a nice game, perhaps the last one I'll ever win against him before he soars on to IM or GM.

[Event "2017 Chicago Open"] [Site "Chicago"] [Date "2017.05.29"] [Round "7"] [White "Wilson, Matthew"] [Black "Storn, Justin"] [Result "1-0"] [ECO "C11"] [WhiteElo "2014"] [BlackElo "2096"] [Annotator "Wilson,Matthew"] [PlyCount "57"] 1. e4 e6 2. d4 d5 3. Nc3 Nf6 4. e5 Nfd7 5. f4 c5 6. Nf3 Nc6 7. Be3 cxd4 8. Nxd4 Bc5 9. Qd2 O-O 10. O-O-O Bxd4 11. Bxd4 Qa5 12. h4 Rb8 13. g4 b5 14. Kb1 b4 15. Ne2 Ba6 16. Nc1 {I preferred this over 16.Ng3 since now the knight can cover a2 after ...Bxf1, ...Nxd4, ...Rb8-b6-a6.} Bxf1 17. Rhxf1 Rfc8 {Here I started looking at 18.f5, sacrificing a pawn. But Black can play 18...Nxd4 19.Qxd4 Rc4!} 18. Nb3 { Now ...Nxd4 ideas will be useless, since they only help me activate my knight.} Qb5 {I thought he had to play 18...Qc7} 19. f5 $1 {Time to switch into "Tal mode"! I only calculated a little, since the sac feels so right. He sank into a long think.} exf5 20. gxf5 Ndxe5 21. f6 Ng6 22. h5 { The attack almost plays itself...} Nxd4 {Black tries to return the material with interest. But the attack rages on. If instead 22...Nf8, then 23.Rg1 Ne6 24.Rxg7+! Nxg7 25.Qg5 Kf8. I didn't spot the mate in 13 that Stockfish found, but it was clear that the black monarch would not survive.} 23. Nxd4 Qb6 24. hxg6 hxg6 25. Qh2 $1 {Intending 26.Rh1. Black's king cannot escape, e.g., 25... gxf6 26.Rh1 Kf8 27.Rde1!} Qc7 26. Qh4 Qe5 27. Rh1 Qh5 28. Qg3 $1 { Trapping the queen} Rc3 29. Qxb8+ 1-0

Friday, April 21, 2017

2017 Gashimov Memorial - Round 1

I see that Round 1 was already played by the time I posted my forecast. Here are the updated numbers. Shockingly, Wesley So lost. Before this round, he had a streak of 60+ consecutive classical games without a single defeat.



Methodology

2017 Gashimov Memorial

The tournament is a 10-player round robin, featuring 2 members of the 2800 club: So and Kramnik.



Methodology

Friday, April 14, 2017

E4stat visits the 2017 US Chess Championship

First of all, congratulations to GM Wesley So for becoming the 2017 US Chess Champion. Be sure to check out So - Onischuk and Xiong - So; they were excellent games.

All of the photos here are from the final round. At the beginning of the day, So was tied for first with Akobian and Onischuk. The pairings:

Naroditsky - So
Nakamura - Akobian
Kamsky - Onischuk

Naroditsky opened with 1.e4. Perhaps So thought that neither Akobian or Onischuk would win their games. He played the infamous Berlin Defense. Naroditsky replied with a thoroughly unambitious variation. They shook hands while I was still eating lunch at the Kingside Diner. I was reminded of a Tal quote: "to play for a draw, at any rate with White, is to some degree a crime against chess." (The Life and Games of Mikhail Tal). This game was a disappointment, but at least So left us with some beautiful games in the other rounds. And Naroditsky's decision is also understandable. If you could get an easy draw against the world's number 2 player and pick up a couple of rating points, you would jump on that opportunity!

Var Akobian has been a top player in the US for many years, but he has never won the US Chess Championship. I had the honor of playing him in a 2010 blitz tournament. He beat me 2-0 and made it look easy; you can count me among Var's admirers. Alas, in the final round he was "re-accommodated" by Nakamura (to borrow a phrase from United Airline's CEO).




*********************************************************************************

Var sees that the end is near; he resigned soon.



*********************************************************************************

Alexander Onischuk had an excellent tournament. A few rounds ago, he defeated Nakamura. In the final game, he held a draw against Kamsky in a quiet Ruy Lopez. Onischuk tied for first place with So, but lost the playoff.


*********************************************************************************

Kamsky had an uneven performance. He won a few great positional games (Xiong - Kamsky, Kamsky - Naroditsky). On the other hand, he also blundered horribly against Akobian and Caruana.


*********************************************************************************

Onischuk in the main hall after the game. The player behind him in the light purple shirt is Naroditsky.



*********************************************************************************

Shabalov played a lot of fighting chess. His game with Shankland was very interesting. Unfortunately, it didn't get much attention since it was unimportant for the final standings.



*********************************************************************************

When the games ended, Maurice Ashley came upstairs. Here he is talking to Dr. Daaim Shabazz, who runs the popular Chess Drum blog. IM Greg Shahade is on the other side.



*********************************************************************************

It's time for the chess journalists to file their reports! On the left, we have Mike Klein of chess.com. Dr. Shabazz to next to him. Does anyone recognize the third person at the table?



*********************************************************************************

IM Greg Shahade, GM Alejandro Ramirez, and WGM Tatev Abrahamyan. GM Ramirez was one of the commentators in the Spanish broadcast.



*********************************************************************************

When the round ended, the fun continued! Greg Shahade and Carissa Yip, undeterred by the absence of a chessboard, played a few games of blitz. Greg won them all.






*********************************************************************************

Yasser Seirawan recruited Maggie Feng for his bughouse team. "We need some victims!" he said. They challenged Jennifer Yu and Carissa Yip. Usually bughouse is a strength of the scholastic players, but Yasser proved that he is very good! He and Maggie swept their games.



*********************************************************************************

Rex Sinquefield looks on, watching bughouse for the first time.





*********************************************************************************




*********************************************************************************

The next set of "victims" fared no better than Jennifer and Carissa.




In the last round of a chess tournament, there is definitely a chance of a few short draws. But stick around - when the games are over, the players are more relaxed and there is still a lot of fun!

Grenke Chess Classic

The Grenke Chess Classic starts soon. The 8-player round robin features 3 players in the 2800 club: Carlsen, Caruana, and MVL.

















Methodology