Unless I misunderstand, this story is a parable. EY is communicating with a handwaving example that the effectiveness of a code doesn't depend on the alphabet used. In the code used to describe the plate phenomenon, “magic” and “heat conduction” are interchangeable symbols which formally carry zero information, since the coder doesn't use them to discriminate among cases.

I’m sincerely confused as to why comments center on the motivations of the students and the professor. Isn't that irrelevant? Or did EY mean for the discussion to go this way? Does it matter?