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Virtual Economies: Design and Analysis
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Virtual Economies: Design and Analysis

4.64  ·  Rating Details ·  11 Ratings  ·  1 Review
In the twenty-first-century digital world, virtual goods are sold for real money. Digital game players happily pay for avatars, power-ups, and other game items. But behind every virtual sale, there is a virtual economy, simple or complex. In this book, Vili Lehdonvirta and Edward Castronova introduce the basic concepts of economics into the game developer's and game ...more
Hardcover, 294 pages
Published May 9th 2014 by MIT Press (MA) (first published January 1st 2014)
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Doc Kinne
Sep 10, 2016 Doc Kinne rated it really liked it
This was, conceptually, a magnificent book! You need only the most basic background in economics to be able to nicely read it. The authors explain things as they go, and they give references as they go.

While well done, some obvious editing errors crept in. One graph's axis was mislabled. The great dragon in "The Hobbit" is named "Smaug," not "Smaud." Finally, I can't exactly confirm it, but I think the Purchasing Power Parity exchange rate example was incorrect in Chapter 12. I mention these not
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