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What Can Virtual-World Economists Tell Us about Real-World Economies?

Posted Thu, Mar 20, 2008 by Aelryn

Good luck pronouncing it.

Can virtual world economies tell us anything about the real world economy? Eyjólfur Guðmundsson thinks so.

Other virtual worlds, such as Second Life and Entropia Universe (and unlike EVE Online), use currencies that can be cashed out for real-world dollars and also have economists who work behind the scenes. Guðmundsson's role, however, is as both a spokesman and an analyst. He aims to provide the EVE player community, which numbers over 200,000, with vital information about their trades. He'll then study those trades to learn what insights from a virtual economy can be applied to the real one.

Read more here.

[Via VirginWorlds]

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