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Game Theory: World of Warcraft will SAVE the Economy

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We've talked before about how incredibly addictive World of Warcraft is. But one thing we haven't mentioned is how the game is secretly training the some of the greatest economic thinkers in history. Business school? MBA? Forget that! Play a couple hundred hours of WoW and you'll be able to solve some of the world's most difficult financial issues. This video explains how!
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2014年08月20日

World Of Warcraft (Video Game)Economy (Field Of Study)Economics (Field Of Study)Video Game (Industry)WowWarcraft (Fictional Universe)World WarcraftMassively Multiplayer Online Role-playing Game (Video Game Genre)Industry (Organization Sector)SaveFinance (Industry)Economist (Profession)Recession (Quotation Subject)Inflation (Quotation Subject)Game TheoryMatPatMatthewPatrick13Expansion Pack (Media Genre)Warlords of DraenorWarlordsDraenor

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评论 10 548
Big Papi
Big Papi 13 天 前
More reasons to say it’s great 🙂 Cuz it is
John Pekala
John Pekala 个月 前
Random thing I noticed that has nothing to do with the video itself but the background music from the time 12:24 tell about the end sounds like the background Dungeon music for the 7th Saga
Lincoln H
Lincoln H 个月 前
NARUTO SUCKS
MrRudeboey
MrRudeboey 个月 前
i learned how to bid on e bay
darkmatter411
darkmatter411 个月 前
I've watched this maybe 6 times since it came out, and every time I complain about his lack of research cause there has always been a gold cap in wow as of this comment it's 10mil per character but it used to be 214,748 gold, 36 silver, 48 copper this always bothered me
Destrey Lord of the Milfs
When/where did JPMorgan Chase & Co. use World of Warcraft to explain economic principles?
Niall Davidson
Niall Davidson 个月 前
got my own personal hippogrif and a ton of gold no need to hitch a ride. haha, no but seriously i have a waste of a life
Goolog
Goolog 2 个月 前
(((Central banks)))
björgvin karlsson
björgvin karlsson 2 个月 前
Iceland's government has never actually approved it its still just hanging there :(
Wired Wrong
Wired Wrong 2 个月 前
I found my spore at myself and a firely why bid on what you can find yourself?
Dragon Slayer 359
Dragon Slayer 359 2 个月 前
I thought I was going to sleep at some point tonight. It's now 7:11 a.m.
Jack Wasserman
Jack Wasserman 3 个月 前
Huh, you made a wow economics video around the month frame my favorite channel extra credits did, that’s kinda cool
Ryan Sherring
Ryan Sherring 3 个月 前
All the dislikes are world of warcraft fans
Caroline Harned
Caroline Harned 3 个月 前
Waaaaaaaait is this all games or just World of Warcraft
Valpro
Valpro 23 天 前
Just WoW
Ryan Stewart
Ryan Stewart 3 个月 前
Not gonna lie this is the worst theory you’ve ever made. You just talked about a couple similarities in the wow economy and were like gj man
EvaPunk333
EvaPunk333 3 个月 前
Everytime I watch an old video and Ronnie is mentioned I get sad. RIP Ronnie
DahrkMezalf
DahrkMezalf 3 个月 前
If nothing else, the WoW marketplace teaches the principles of supply/demand. But just like trading cards (which are literally worthless in "usefulness"), many things hold a collector's value. - That's why trading cards, old currency, and retro games can fetch an outrageous price on the market: it's not the physical value, but a mix of supply/demand & collector's value. - Any WoW player who has dabbled in the Auction market has learned this. The value of their goods is relevant to supply/demand along with how easy or difficult it is to pay for those goods. And of course, there's a niche market for collectors as well: these things are purely cosmetic (like a trading card), but the emotional/aesthetic value raises it's average sale price. - Simply put: things will sell if people keep buying; we adjust prices to match the current economy, whether that's supply/demand or collector's value. It's simply a matter of observing the market and adjusting accordingly. Just like real life.
BFlat
BFlat 3 个月 前
Anyone else here after the Ronnie situation? When he was in the last bit I almost cried...
Devan Dunlap
Devan Dunlap 3 个月 前
Neathereeave? Pft weak. Hex weave my dude.
PennyAfNorberg
PennyAfNorberg 3 个月 前
But wow has serval currency systems, gold isn't top dog, and the other are a) more fixed and b) reset each expansion, or more frequently.
Braden Nitsch
Braden Nitsch 3 个月 前
I will actually use this in economy class if we need to create our own currency
alpan
alpan 3 个月 前
I love the bgm makes it more interesting
T3CHN01200
T3CHN01200 3 个月 前
I like these economics theories.
Sergei
Sergei 3 个月 前
Ha, bitcoin, don't you feel silly
Willy c
Willy c 3 个月 前
there is a gold cap each toon allow to have.
PsychoLucario
PsychoLucario 3 个月 前
Anyone who's played the AH knows that supply side economics is utter bullshit. also this is quite old now, blizz has a way to deal with inflation through the game tokens and adjusting gold sources. various expansions now have increased and decreased inflation
Allen Prince
Allen Prince 3 个月 前
R.I.P Ronnie, we will your great work
mohammed sarker
mohammed sarker 3 个月 前
Man, looking back this video was so stupid
William Wilson
William Wilson 3 个月 前
The reason items are selling so high is because Blizzard has made gold easy to get. When level cap was 60 and items vendor for copper and silver a single gold coin took all day to get, now at level 120 you vendor items for 75 gold coins and can make thousands a day.
ugly boi
ugly boi 3 个月 前
69B likes
DraigoDragon
DraigoDragon 3 个月 前
was hopeing this was the corrupted blood incident :
Doopie Wolfie
Doopie Wolfie 3 个月 前
What
Yogurt Banana
Yogurt Banana 4 个月 前
R.I.P. Ronnie
5x55
5x55 4 个月 前
The gold cap is 9,999,999 there is one....
The Soul Of Hope
The Soul Of Hope 4 个月 前
i got a war of world craft at the being of the video..... i was not that surprised
Vicho Hernández
Vicho Hernández 4 个月 前
11:30 ;-; we remember...
J Cubed
J Cubed 4 个月 前
Ronnie :(
GamerFromJump
GamerFromJump 5 个月 前
Fiat currency is designed to let governments rob people. Trade paper for valuables, decouple the paper from worth, then inflate the paper through mass printing. The printers get the valuables, the people get the shaft.
Gazorpazorpfield Enchiladas
😱😱😱 You watched Inuyasha?!?!?!?!?!?!?
ChaosConsortium
ChaosConsortium 5 个月 前
One thumbs up for use of the The 7th Saga Soundtrack.
Gareth Watkins
Gareth Watkins 5 个月 前
i like how he mentioned worgen dk's lol i'm one
Gareth Watkins
Gareth Watkins 5 个月 前
I have not read the comments so idk if anyone pointed this out yet, but there is a point in which you really can't have more gold on one character, i mean unless you use another character then sure but ion a single characetr iirc there is a maximum amount of gold one can have on them at a single time,
Gareth Watkins
Gareth Watkins 5 个月 前
also i believe the max has always been there tho it's hard to getto for most people iirc
Jasu Rai
Jasu Rai 5 个月 前
I love your Channel Matthew
Tankboy28
Tankboy28 5 个月 前
black desert online better
Stephen Dutka
Stephen Dutka 5 个月 前
Ha I haven't watched yet, but I give all my business credit to WoW. I opened a store 8 years ago with the ideas I used in WoW. It supports my family gave friends a job and life looks like life will work out for us.
Matthew Fears
Matthew Fears 5 个月 前
i once sold a legendary for 70,000 gold it sold in one hour.
Matthew Fears
Matthew Fears 5 个月 前
2018 anyone? cuz now there is a new X pack BATTLE FOR AZEROTH .All u Hordes r prob gonna kill me and camp my body.
Med Otaku
Med Otaku 5 个月 前
Should have used Enjin Coin...
the gm
the gm 5 个月 前
travelers tundra mamoths are bind on pickup so you can't buy them of the auction(sry can't speel) house, and you didn't say black market because that is different
the gm
the gm 5 个月 前
so do the reaserch on the items you pick for examples before you use them as examples
my channel
my channel 5 个月 前
I never liked world of Warcraft But the movie was nice
BigDad138
BigDad138 5 个月 前
Gotta love that 7th Saga music
Myles C.
Myles C. 6 个月 前
rise up gamers
Therhubarb13
Therhubarb13 6 个月 前
Wow
XentorAntarix
XentorAntarix 6 个月 前
As if..... *lol*. Sorry.
Robert Williams
Robert Williams 6 个月 前
Wait, so at a rate of 1 penny for 10,000 Marks at the time, the Germans were actually devaluing the paper by printing a Mark onto it?
ElzariusUnity
ElzariusUnity 6 个月 前
Compared to some other games like EVE online. WoW economy is so not realistic
stuart pratt
stuart pratt 7 个月 前
as I was watching this I had my factorio game open in the background and one of the research had finished and its sound timed this moment perfectly 7:29
Phoenix Skyward
Phoenix Skyward 7 个月 前
I have nothing to say to you but lots of love.
Kredoz
Kredoz 7 个月 前
bro you can buy for 20$ 300k+ gold
Tad Jones
Tad Jones 7 个月 前
Finally.....matpat made a WoW video.....thank god
WitherWolf33
WitherWolf33 7 个月 前
From now on I want this theme as a ringtone.
Miguel Sanchez
Miguel Sanchez 7 个月 前
1:55 EvE Online is about 20 times more complex. The Market isn't magic. Goods have to be moved manual!
Valkyrie
Valkyrie 7 个月 前
The economy would be fine as long as countries and the 1% stop monopolizing everything for their own gain. The fact is that almost everyone is alive to benefit the few. Imagine a free to play game which attracts many people because it is free but it also got extremely bad P2W system which few will use to dominate the game and put the game out of balance while the free to play players are just a population count that entertains the few P2W players which wont exist if the free to play players left the game. That's how the real world works except you can't really just leave because there are rules that are meant to keep you in place while few people benefit from it. Economy isn't the problem, how our society works is the problem.
Natalie Cole
Natalie Cole 7 个月 前
$$$$$$$$$$$$$$$WAR CRAFT
The Ugly Barnacle
The Ugly Barnacle 7 个月 前
been grinding... 3 days... need more gold...
gamerjedi 360
gamerjedi 360 7 个月 前
? 6:27 worst joke ever
j1b00m
j1b00m 7 个月 前
I like the south park reference!
CYber GeNik
CYber GeNik 7 个月 前
The intro was cringy and obviously made by someone who's never played WoW...
Alec Birdsall
Alec Birdsall 8 个月 前
The price differences of Santa hats in RuneScape from back when I played is nuts
Mr Fred Gaming
Mr Fred Gaming 8 个月 前
moar plez
Synonymous
Synonymous 8 个月 前
Been waiting a long time for that WoW theory. It's okay though, you have all the time in the world. With Battle for Azeroth coming out in the next months, you have plenty of theory fodder.
Mannen OP
Mannen OP 8 个月 前
Nerd
mike Durry
mike Durry 8 个月 前
Nah OSRS will save the economy
andrej danevski
andrej danevski 8 个月 前
how did matpat predict bitcoin? 2:59
cliffman theb daplayer
I am getting the TCG for world of Warcraft.
A Person
A Person 8 个月 前
*sponsored by world of Warcraft*
Lilia Carriquiry
Lilia Carriquiry 8 个月 前
Maybe even ROBLOX players! some guys are basically economic GODS in ROBLOX,and they gain REAL money with one of ROBLOX'S functions that let you trade robux for real cash.
Tacitus
Tacitus 8 个月 前
This is great. We need to teach Democrats about this.
cody kirk
cody kirk 8 个月 前
this guy is roughly 60% right about the wow economy
FlySpyGuy
FlySpyGuy 8 个月 前
They should institute communism in WOW so everyone can see why it sucks.
FlySpyGuy
FlySpyGuy 8 个月 前
And this is why WW2 happened.
Ace Ventura
Ace Ventura 8 个月 前
Lol, just because wow is going through inflation, mainly caused by gold farmers and the developers, doesn't mean every neck beard who plays wow is some economic genius... If that was the case every Venezuelan citizen is also an economic genius.
Wise Old Wind
Wise Old Wind 8 个月 前
I just got hacked and banned to
Celebriel82
Celebriel82 8 个月 前
Sorry MatPat, there are gold caps. No player has infinite money.
henk de steen
henk de steen 9 个月 前
4:41 yeah boiiii de gulden hup nederland yey
someone
someone 9 个月 前
wheres the australian dollars
для Родины !
Ewwww ehhh warlords ehhh disgusting the most casual expansion ever
Trent8086
Trent8086 9 个月 前
Blizzard currently has an active Goldsink in place to adjust the economy. A player can buy a token in game that can be exchanged for play time. This is well and good for those who have the in game currency for it, but in the end it does nothing for the inflation. Players are not going to spend hard earned in game currency for a to\ken to play for a month when they already are willing to pay real cash for that month of time. What Blizzard should be using as gold sinks is VANITY ITEMS. Cool weapon transmogs, new mounts, special abilities with a fixed duration, or even ways to advance in game grinding mechanics such as reputation or crafting. You can currently actually buy in game gold directly from Blizzard as well. Spending 20 dollars will get you a token (the same one people can buy in game with gold) and you can sell that token in game for gold. I think this was done more to cut into the profit margins of gold farmers more than to balance the economy since these tokens are guaranteed to sell, meaning Blizzard is possibly buying out tokens that players do not buy and artificially flooding gold into the economy themselves.
bennyhannasd
bennyhannasd 9 个月 前
I love the Blaster Master music, it really takes me back. It was one of my favorite games on the NES.
Out Of This Galaxy
Out Of This Galaxy 9 个月 前
wok of war crack
Rotten Legacy
Rotten Legacy 9 个月 前
I would probably play WoW if I could buy it ._.
Richard Carr
Richard Carr 9 个月 前
I love this game
Purplepug22
Purplepug22 9 个月 前
* when a videogame's government is better than your own * T-T
BLUE GAMING
BLUE GAMING 9 个月 前
WOW that was a bad pun
Whatever Gaming
Whatever Gaming 9 个月 前
play eve so much better econimy
Jazz
Jazz 9 个月 前
Fun Fact: Banks were kind of created by the Templars :) where they'd deposit money and be given a piece of paper with how much they deposited and withdraw it at the local Templar "bank"
Bloon God - Bloons TD And More
I always put the game theory and film theory intro on the highest volume! 🤣
GWOTvetx4
GWOTvetx4 10 个月 前
The ecomomy was never based on the Gold in WoW. The gold was the paper money backed by the amount of time a player used to get the item.
Jerstah phucku
Jerstah phucku 10 个月 前
Why play 7th saga music when talking about WoW. Thats like sleeping with my wife while eating my steak and looking dead into my eyes with a smirk on your theoretical face.
Ektlan2
Ektlan2 10 个月 前
Economist?
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