everything i know about economics i learned by playing video games

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Everything I know about Economics I learned by playing video games Christopher Marks

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Christopher Marks (15) explains the intricacies of farming and trading in video games. See the video at http://j.mp/kitIgnite

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Page 1: Everything I know about Economics I learned by playing video games

Everything I know about Economics I learned by

playing video gamesChristopher Marks

Page 2: Everything I know about Economics I learned by playing video games

Killing Cows

Page 3: Everything I know about Economics I learned by playing video games

Being undercut.. for profit!

Page 4: Everything I know about Economics I learned by playing video games

My first steps in Arbitrage

= 100gp at my sell price

+ = 100gp at my buy price

2 for the price of 1 = profit!

Page 5: Everything I know about Economics I learned by playing video games

Manufacturing goods + Arbitrage

= 17k coins from NPC store

+= 1k coins street price

== 55k street price

55k-18k = 37k profit

Page 6: Everything I know about Economics I learned by playing video games

Grand Exchange

Page 7: Everything I know about Economics I learned by playing video games

Chartism

Step one: go to "top 100 price drop by %“

Step two: find a useful item (for pking, PvM, etc)

Step three: look for daily line under 30-day line

Step four: Buy up stock of item, watch it rise???????

Profit (by selling it, obviously)

Page 8: Everything I know about Economics I learned by playing video games

Clan Merchanting (larger Chartism)

Page 9: Everything I know about Economics I learned by playing video games

Junk trading (to get around trade limits)

Page 10: Everything I know about Economics I learned by playing video games

Flipping (arbitrage via the G.E.)

How to:

1) find the price range by buying

the item for higher than mid and

selling for lower than mid (since

the ge insta matches trades)

2) then, buy multiples of the item

for 1gp over the lower bound,

and sell them for 1gp under the

higher bound.

Page 11: Everything I know about Economics I learned by playing video games

Useful items vs. Cosmetic items

Useful items: Cosmetic items:

Both:

Page 12: Everything I know about Economics I learned by playing video games

Rare trading

Rare: a tradable holiday item from when Runescape was a new game, worth lots of gp

Page 13: Everything I know about Economics I learned by playing video games

Official currency Vs Player asserted currency

Worth: 2.147 billion gold coins Worth: ..11 buds?

Page 14: Everything I know about Economics I learned by playing video games

Currency in TF2

+ =

+ + =

+ + =

+ + =

x8 =

+ + + =

Page 15: Everything I know about Economics I learned by playing video games

Buds for keys

= $31 USD

= x24

= $1.49 USD

$1.49 x 24 = $35.76

Profit from buying buds,

selling for keys, and selling

the keys: $4.76 per bud.

Page 16: Everything I know about Economics I learned by playing video games

Trading unusual hats

Page 17: Everything I know about Economics I learned by playing video games

Most importantly: be persuasive & respectful

Page 18: Everything I know about Economics I learned by playing video games

Idling

Page 19: Everything I know about Economics I learned by playing video games

Sharking (usually done by traders with power)

Page 20: Everything I know about Economics I learned by playing video games

Valve hires an economist