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Aelorean
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Joined: 13 Jul 2002
Posts: 952
Location: Des Moines, IA
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 Posted: Wed Feb 05, 2003 5:00 pm Post subject: How Interesting! |
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This quote came from a really cool article posted HERE.
Quote:
The exchange of goods and services in Norrathian PP, inside the game, and U.S dollars, outside, creates an exchange-rate relationship between the two currencies. Based on surveys of these market exchanges, Castronova calculated that one unit of PP was worth a little more than one U.S. penny. That technically makes Norrathian PP a "stronger" currency than the Japanese yen or Italian lira, albeit a thinner and less liquid one. (But Sony apparently could use lessons in central banking: As in real-world Japan, price deflation has hit the market for Norrathian goods.)
The economic dynamics of EverQuest also allow Castranova to calculate wage levels in Norrath. Take the PP value of an average avatar's skills and assets, divide it by the average number of hours required to accumulate those holdings, and an average avatar "earns" 319 PP/hour, or $3.42/hour at the prevailing exchange rate. (This doesn't sound like much, but Norrath's deflation means that "real" wages are actually rising.) Castronova estimates that Norrath's per capita GNP is higher than India's or China's.
..you should read it all |
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Mildane
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Joined: 19 Feb 2002
Posts: 1274
Location: Plane of Hate
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| Posted: Wed Feb 05, 2003 6:00 pm Post subject: Re: How Interesting! |
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Wow, that's an interesting perspective. Mildane
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Aelorean
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Joined: 13 Jul 2002
Posts: 952
Location: Des Moines, IA
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| Posted: Wed Feb 05, 2003 6:00 pm Post subject: Re: How Interesting! |
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Yea, but Bush is screwed since the Marines haven't been spending any time working on their bane weapons. |
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Herbert Dypp
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Joined: 15 Feb 2002
Posts: 817
Location: Cambridge, UK
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PavelCursebreaker
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Joined: 06 Feb 2003
Posts: 379
Location: Sacramento, CA
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| Posted: Thu Feb 06, 2003 4:00 am Post subject: Re: How Interesting! |
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There was similar article about UO gps back in UO's heyday, when you could sell 100kgp on ebay for 30 bucks, or something like that.
I hear you can't give away UO gold these days  Pavel Cursebreaker
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Jaffod
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Joined: 29 Nov 2002
Posts: 1592
Location: Nowhere close to you at all
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| Posted: Thu Feb 06, 2003 5:00 am Post subject: Re: How Interesting! |
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/rofl at Mildane Who needs FEIGN death when I can do the real thing
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Tryunn
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Joined: 17 Feb 2002
Posts: 387
Location: New Haven, CT
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| Posted: Thu Feb 06, 2003 11:00 pm Post subject: Re: How Interesting! |
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The marines don't need bane weapons anymore, Aelorean. The U.S. has smart bombs that can enter and destroy enemy personnel inside their dungeons and caves.
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Jaffod
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Joined: 29 Nov 2002
Posts: 1592
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| Posted: Fri Feb 07, 2003 5:00 am Post subject: Re: How Interesting! |
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So that would be an AoE group then? Who needs FEIGN death when I can do the real thing
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Hauen
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Joined: 09 Jan 2002
Posts: 563
Location: Sin City
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| Posted: Fri Feb 07, 2003 5:00 am Post subject: Re: How Interesting! |
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The study was written before the bazaar was in effect, and also used an older server as the basis for the analysis, the author also never progressed very far in levels, so didn't really get an accurate picture of equipment, especially the high end stuff and its value in relation to the endgame. It would be interesting to go back and revisit the study, especially using Vaz or one of the newer servers as the example. Some other things to explore would be deflationary pressures and equipment used as a store of value or a hedge against deflation, twinkage, and the 'underground' (ebay) economy, to name a few. |
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