{"id":602795,"date":"2019-04-07T04:00:04","date_gmt":"2019-04-07T04:00:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/07\/what-role-playing-video-games-can-teach-us-about-monetary-policy\/"},"modified":"2019-04-07T04:00:04","modified_gmt":"2019-04-07T04:00:04","slug":"what-role-playing-video-games-can-teach-us-about-monetary-policy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/07\/what-role-playing-video-games-can-teach-us-about-monetary-policy\/","title":{"rendered":"What role-playing video games can teach us about monetary policy"},"content":{"rendered":"

What role-playing video games can teach us about monetary policy: <\/b>Designers of massive multiplayer role-playing games (MMORPGs) have lately started applying economic theory to tackle in-game inflation, as broken down in a YouTube video by Extra Credits (watch, runtime: 8:43<\/a>). MMORPGs (think World of Warcraft) are games where players are constantly generating unlimited quantities of currency through feats such as killing monsters or completing quests. This is a sure route toward hyperinflation and would send any real world economy to ruins.<\/p>\n

The solution: keep FX reserves. <\/b>Real world economies have for years kept foreign reserves in the bank to prevent their local currency from plummeting beyond a certain level. This is equally true in MMOs, where some developers now allow players to buy \u201creal-world value\u201d using in-game gold coins. They created a channel for a stash of a bn coins in WoW, for example, to be worth some amount in USD. The realization that in-game economies essentially mirror the real world ended the previously used \u201cmoney sinks\u201d, which worked by forcing players to pay in-game taxes and fees to drive money out of the system. The gamers realized there is no way to build a sink that is wide enough without making the game less enjoyable, and so got creative.<\/p>\n","protected":false},"excerpt":{"rendered":"

What role-playing video games can teach us about monetary policy: Designers of massive multiplayer role-playing games (MMORPGs) have lately started applying economic theory to tackle in-game inflation, as broken down in a YouTube video by Extra Credits (watch, runtime: 8:43). MMORPGs (think World of Warcraft) are games where players are constantly generating unlimited quantities of […]<\/p>\n","protected":false},"author":1,"featured_media":602796,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[72,463,724,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-gaming","tag-monetary-policy","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"a79eba86-506b-460a-810f-189fd4f0596b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/4\/2881.jpg","photo_position":"above","related_issue":[602771],"teaser":"","voice_url":""},"yoast_head":"\nWhat role-playing video games can teach us about monetary policy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/07\/what-role-playing-video-games-can-teach-us-about-monetary-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What role-playing video games can teach us about monetary policy\" \/>\n<meta property=\"og:description\" content=\"What role-playing video games can teach us about monetary policy: Designers of massive multiplayer role-playing games (MMORPGs) have lately started applying economic theory to tackle in-game inflation, as broken down in a YouTube video by Extra Credits (watch, runtime: 8:43). 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