{"id":26229,"date":"2015-03-04T01:00:17","date_gmt":"2015-03-04T06:00:17","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=26229"},"modified":"2017-04-15T13:41:30","modified_gmt":"2017-04-15T17:41:30","slug":"qotd-the-macroeconomic-insights-of-mmo-gaming","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2015\/03\/04\/qotd-the-macroeconomic-insights-of-mmo-gaming\/","title":{"rendered":"QotD: The macroeconomic insights of MMO gaming"},"content":{"rendered":"<blockquote><p>Video game communities, social economies, give us something that we never had as economists before. That&#8217;s something of an opportunity, a chance to experiment with a macroeconomy. We can experiment in economics with individuals. We can put someone behind a screen and experiment on the subject, and ask him or her to make choices and see how they behave.<\/p>\n<p>That has nothing to do with macroeconomics. Macroeconomics requires a different scenario. You conduct controlled experiments with a large economy. We are not allowed to do this in the real world. But in the video game world, we economists have a smidgen of an opportunity to conduct controlled experiments on a real, functioning macroeconomy. And that may be a scientific window into economic reality that we&#8217;ve never had access to before.<\/p>\n<p>Yanis Varoufakis, talking to Peter Suderman, <a href=\"http:\/\/reason.com\/archives\/2014\/05\/07\/a-multiplayer-game-environment\" target=\"_blank\">&#8220;A Multiplayer Game Environment Is Actually a Dream Come True for an Economist&#8221;, <em>Reason<\/em><\/a>, 2014-05-30.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Video game communities, social economies, give us something that we never had as economists before. That&#8217;s something of an opportunity, a chance to experiment with a macroeconomy. We can experiment in economics with individuals. We can put someone behind a screen and experiment on the subject, and ask him or her to make choices and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,14,41],"tags":[1093,192],"class_list":["post-26229","post","type-post","status-publish","format-standard","hentry","category-economics","category-gaming","category-quotations","tag-macroeconomics","tag-mmorpg"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-6P3","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/26229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=26229"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/26229\/revisions"}],"predecessor-version":[{"id":26230,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/26229\/revisions\/26230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=26229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=26229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=26229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}