The Value of a Lexis Point

There are four different types of things that can be purchased with Lexis points: (1) things from Amazon, (2) gift certificates, (3) study guides, (4) other items from Award Cafe. The points have roughly the same value everywhere, but sometimes they’re worth a little more than others. I looked up a bunch of products on Amazon to find that points used for electronics are worth slightly less than for anything else. Points used for gift certificates are always worth more than those used at Amazon, and gift certificates worth more than $10 always provide the same value. (Though the $10 ones aren’t as good of a deal, they’re still worth more than Amazon items.)
“Study Guides” (the only guides offered are the Understanding Series) are the best value, and the “other items” available through the Award Cafe seem to be the worst.
Here’s a value graph of several items. You can also download the data here.

As you can see from the chart, each Lexis point is worth about $0.015 – $0.017, with points used for study guides worth a little more. If you don’t want a study guide, the gift certificates are the best value, or so it would appear…
However, I think that the Amazon items are probably as good a value as the gift certificates because my prices in this chart don’t account for shipping, which is included when Lexis points are used.
In any case, Lexis is paying about $1.19 per week to students that log in every day. That’s a pretty low figure.
Westlaw calculation tommorrow…

4 thoughts on “The Value of a Lexis Point”

  1. So, if I understand correct…
    To purchase a Palm Tungsten E, at what appears to be about 1.42 cents per point, you would need to log on (a minimum of) every day for almost 226 weeks (or about 4.3 years).
    Is there that much to look up?

  2. Well you can also “win” points. And sometimes you can get double points for attending a class or something.
    There are certainly some unattainable point costs though.

  3. Kinda like the TV/VCR combo you always wanted to trade your coupons in for at the arcade? But how are you going to get 50,000 coupons, when you only get 12 for getting 210 at ski-ball?
    Or like the Harrier Jet that you needed 500,000,000 Pepsi points for? OK, that example doesn’t work (someone actually had that many)…
    Isn’t there something in law about bait and switch? Seems a little fishy to me…

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