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Old 10-30-2017, 01:36 AM
fastboy21 fastboy21 is offline
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Virtual world economics are actually kind of interesting, especially when they interact with real world money (not p1999 of course).

Its true that one of the fun things about virtual world economies is that not all logical premises that exist in the real world necessarily exist. I.E. Just because something works a certain way in the real world doesn't mean that it will work that way in the virtual world. In the end, if you want to prove something about p1999's economy you have to demonstrate it in the data...which isn't exactly easy to gather or control for.

In any case, I'm not sure what the poster means by saying that there isn't a supply and demand of goods and services in p1999. It certainly seems to me that there is. If he is saying something slightly more subtle, like the real world expectations about supply and demand don't exist that is possible...but it wouldn't be totally analogous imo. There is a limited production of goods, limited demand for goods, etc. Since the problem of scarcity exists in our p1999 virtual world I'm not sure what reason there would be to throw out supply and demand as reasonable describers of p1999's virtual economy.