More than 15 years ago, I wrote this paper about the economies of games. The nice people at Today I Found Out recently made a video about it. Thanks to former student Sami Stegall for the heads up!
In a massive experiment on money, a virtual society seems to act like a real one.
“Why God?” is often asked about the real world. It seems like a hangover from our goat-herding days. How odd, then, that Gods are everywhere in fantasy worlds. Why?
Within a generation, millions of low-income people will support themselves by playing games.
“Virtual economic behavior follows real-world patterns.”
“While we might believe that society operates a certain way, and we might have small-scale experiments that support our beliefs, it has generally not been possible to observe whole societies under controlled conditions. Now, however…”
“These changes – such as granting people the freedom to have whatever appearance and skills they wish – are sufficient to generate a society.”