February 2004
- Solutions for smarter NPCs (long) Robert Zubek
- TECH: newbie, mud over jabber im cr88192
- Randomness Alex Chacha
- Randomness David Kennerly
- Randomness Alex Chacha
- UI Design Adam
- MCP/GUIs (was: MUD client popularity) Bruce Mitchener
- [DGN] A comparison of adolescent and adult online computer game players Luca Girardo
- Discussion groups at the MDC Brian 'Psychochild' Green
- Different Style of Online Games Stewart Berntson
- Too much magic? Brian Hook
- Too much magic? Michael "Flury" Chui
- Too much magic? John Buehler
- Too much magic? Hans-Henrik Staerfeldt
- Too much magic? John Buehler
- Too much magic? Corey Crawford
- Too much magic? cruise
- Too much magic? Brian Hook
- Too much magic? Richard A. Bartle
- Too much magic? Brian Hook
- Too much magic? Paul Canniff
- Too much magic? cruise
- Too much magic? Daniel.Harman@barclayscapital.com
- Too much magic? Ben Hawes
- Too much magic? Miroslav Silovic
- Weather simulations Nathan Black
- Weather simulations Spot
- Weather simulations Shane P. Lee
- Weather simulations Valerio Santinelli
- How much should be offloaded to Scripting? Dan Larsen
- How much should be offloaded to Scripting? Brian Hook
- How much should be offloaded to Scripting? Koster, Raph
- How much should be offloaded to Scripting? Brian Hook
- How much should be offloaded to Scripting? Jay Carlson
- How much should be offloaded to Scripting? Damion Schubert
- How much should be offloaded to Scripting? Jim Purbrick
- How much should be offloaded to Scripting? Jim Purbrick
- How much should be offloaded to Scripting? Sean Middleditch
- How much should be offloaded to Scripting? Lars Duening
- How much should be offloaded to Scripting? Ben Garney
- How much should be offloaded to Scripting? Acius
- How much should be offloaded to Scripting? Richard A. Bartle
- How much should be offloaded to Scripting? Patrick Dughi
- How much should be offloaded to Scripting? gbtmud
- How much should be offloaded to Scripting? Kwon J. Ekstrom
- How much should be offloaded to Scripting? James Pepe
- Media: Women over 40 biggest online gamers J C Lawrence
- Media: Women over 40 biggest online gamers ext.Christer.Enfors@tietoenator.com
- Media: Women over 40 biggest online gamers Koster, Raph
- Media: Women over 40 biggest online gamers Daniel James
- Media: Women over 40 biggest online gamers Fred Snyder
- Media: Women over 40 biggest online gamers Michael Sellers
- Media: Women over 40 biggest online gamers Tom Hunter
- Media: Women over 40 biggest online gamers Luca Girardo
- Media: Women over 40 biggest online gamers Luca Girardo
- Character Restraint & Capture. Jester
- Character Restraint & Capture. rjw
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Paul Schwanz
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Paul Schwanz
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Paul Schwanz
- Character Restraint & Capture. Damion Schubert
- Character Restraint & Capture. Daniel.Harman@barclayscapital.com
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Paul Schwanz
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Matt Mihaly
- Character Restraint & Capture. Damion Schubert
- Character Restraint & Capture. Byron Ellacott
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Damion Schubert
- Character Restraint & Capture. Marian Griffith
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Brian 'Psychochild' Green
- Character Restraint & Capture. cruise
- Character Restraint & Capture. Paul Schwanz
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Valerio Santinelli
- Character Restraint & Capture. Craig H Fry
- Character Restraint & Capture. Jim Purbrick
- Character Restraint & Capture. Michael Sellers
- Character Restraint & Capture. Jester
- Character Restraint & Capture. cruise
- Character Restraint & Capture. Jester
- Character Restraint & Capture. Tess Snider
- Character Restraint & Capture. Eric Random
- Player generated quests wcoles@reflectionsinteractive.com
- Player generated quests cruise
- Player generated quests Artur Biesiadowski
- Player generated quests Alex Chacha
- Player generated quests Mike Shaver
- Player generated quests Talanithus Tarant
- Quick question SSL Christopher Allen
- Quick question SSL ceo
- Quick question SSL sziisoft
- Quick question SSL Jo Dillon
- Quick question SSL Matthew D. Fuller
- Quick question SSL ceo
- Quick question SSL szii@sziisoft.com
- Quick question SSL Travis Casey
- Quick question SSL Tamzen Cannoy
- Quick question SSL ceo
- Quick question SSL Byron Ellacott
- Quick question SSL Alex Chacha
- Quick question SSL Sean Middleditch
- Mythica Cancelled.. dienw
- Mythica Cancelled.. Kerry Fraser-Robinson
- Mythica Cancelled.. David H. Loeser Jr
- Mythica Cancelled.. Vincent Archer
- Mythica Cancelled.. Vincent Archer
- Mythica Cancelled.. Michael Sellers
- Mythica Cancelled.. Scott Jennings
- Mythica Cancelled.. szii@sziisoft.com
- Mythica Cancelled.. Valerio Santinelli
- Mythica Cancelled.. Damion Schubert
- Mythica Cancelled.. Hans-Henrik Staerfeldt
- Mythica Cancelled.. Bill Slease
- Mythica Cancelled.. Freeman, Jeff
- Mythica Cancelled.. Tom "cro" Gordon
- [Design] Meta-physics Engine cruise
- RE:Character Restraint & Capture. Chris Duesing
- Economic model.. Brian Thyer
- Economic model.. Mike Lescault
- Economic model.. Robert Kovalchick
- Economic model.. Brian Thyer
- Economic model.. Matt Mihaly
- Economic model.. brian@thyer.net
- Economic model.. Matt Mihaly
- Economic model.. Matt
- Economic model.. Brian Thyer
- Economic model.. cruise
- Economic model.. brian@thyer.net
- Economic model.. cruise
- Economic model.. Thomas Clive Richards
- Economic model.. Michael Sellers
- Economic model.. Daniel.Harman@barclayscapital.com
- Economic model.. Michael Sellers
- Economic model.. Daniel.Harman@barclayscapital.com
- Economic model.. Brian Thyer
- Economic model.. Marian Griffith
- Economic model.. Brian Thyer
- Economic model.. Francisco Gutierrez
- Economic model.. Brian Thyer
On Tuesday, March 02, 2004 11:10 AM, Francisco Gutierrez wrote:
> In the real world, economic equilibrium comes from the fact that
> the demand for something increases as the price drops, and the
> supply increases as the price rises, so a competitive market finds
> an equilibrium where demand=supply, a monopoly finds an
> equilibrium on the point along the demand curve where
> price*quantity is a maximum, and most markets are somewhere in
> between.
This is exactly what I'm betting on. The way I see it, most markets
will (as I learned in my Intermediate Price Value Theroy
Class..i.e., hell) fluctuate between the two markets depending on
the demand, supply, market information, effects of game theory, and
other fluctuations.
> For example if I am hungry and dying of hunger, a hamburger might
> be worth 1000 dollars to me, but the second hamburger will not be
> worth that much, and once I am stuffed, I will reach a point where
> the hamburguer is worth zero (unless I can store it for later or
> sell it to somebody else). This means that as price goes down my
> demand increases.
You're talking about elasticity of demand. When you're dying of
hunger your elasticity of demand (how elastic your demand is) for
the burger is high. Meaning you're willing to pay whatever you have
to, money's no object so long as you get that burger. But as your
demand is met by the available supply your elasticity (marginal
utility function) decreases because you're less and less willing to
pay all that money for a burger because your demand is less. This
is why companies erect barriers to entry in their markets. If they
can keep themselves in a monopolistic market, than that elasticity
(marginal utility function) stays high because they control the
supply.
> Also, this decreasing marginal utility function means that I will
> trade off one good for another, until I maximize the utility of my
> investment of labor. So I will trade my third hamburger for a
> beer, etc. And I will trade my 9th hour of work for leisure. But
> if you offer me more for my 9th hour of work I might decide to
> work instead. This means that as price goes up my supply
> increases. If everybody has the same incentives as me, then the
> market aggregate demand and the aggregate supply will have the
> same shape, and the market will reach an equilibrium. This convex
> utility function could be implemented by natural resources that
> are increasingly harder to harvest (require more time, money,
> capital, etc), coupled with biological needs that provide unequal
> return on their satisfaction (the hamburger example).
My strength has always been in theory, and less in the actual math
analysis. That's why Intermediate Price Value was so hard for me =)
But this is exactly what I'm hoping for in my market. As demand and
supply fluctuate up and down for each individual consumer/seller,
markets should balance themselves so long as everything else stays
equal. As natural resources in the world become more scarce, the
elasticity (marginal utility function) of demand goes up because the
supply goes down creating an increased price for a more scarce item.
Same reason I'm paying $1.80 per gallon of gas *gives OPEC the
finger*.
- Economic model.. Brian Thyer
- Character Restraint & Capture (bounty hunting) Jester
- Character Restraint & Capture (bounty hunting) Brian Hook
- Character Restraint & Capture (bounty hunting) Jester
- Character Restraint & Capture (bounty hunting) Roy Sutton
- Character Restraint & Capture (bounty hunting) Chris Duesing
- Character Restraint & Capture (bounty hunting) Byron Ellacott
- Character Restraint & Capture (bounty hunting) szii@sziisoft.com
- Character Restraint & Capture (bounty hunting) John Buehler
- Character Restraint & Capture (bounty hunting) Jester
- Character Restraint & Capture (bounty hunting) Byron Ellacott
- Character Restraint & Capture (bounty hunting) Jester
- Character Restraint & Capture (bounty hunting) Byron Ellacott
- Character Restraint & Capture (bounty hunting) Jester
- Economic model (long) Jester
- Announce: MUD-Dev Conference J C Lawrence