Game Changer: What Society Can Learn From The Economics Of Video Games


Many game theorists and economists are beginning to realize that video games have something more significant to teach us about our societies…

Video games are often used as a learning tool, but most educational games focus on word memorization or the magic of math. However, many game theorists and economists are beginning to realize that video games have something more significant to teach us about the function of our societies, governments, and economies. In 2001, economist Edward Castranova wrote a groundbreaking paper about the economy of EverQuest. In his paper, Castranova revealed that EverQuest’s currency was more valuable than the Japanese Yen, and that the game’s gross national product was actually bigger than that of China or India. Castranova is now a telecommunications professor at Indiana University Bloomington and is currently working on a book about evolutionary game theory and how virtual economies are drastically influencing our own….’

Source: www.gameinformer.com

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