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Teckos Pech
Amok.
Goonswarm Federation
6492
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Posted - 2017.05.22 21:15:13 -
[1] - Quote
Thomas Lot wrote:This is basic economic theory.
By adding the small skill injector option, CCP is increasing demand for the skill extractors which are only available through PLEX purchases in the New Eden Store. The increased demand for PLEX will result in an additional increase in PLEX prices which are already being inflated to the point of insanity since the PLEX split.
Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.
You should move beyond basic economic theory.
When a change in policy or the like is announced ahead of time, the price effect tends to show up right after the announcement. For example, if CCP announced that a certain faction item was going to drop much less frequently, say only 1/10th as much, weGÇÖd see the price of that good go up immediately, not when the effect actually takes place. The reason for this is that people are forward looking and they now know something about the future with certainty and thus when something is going to become more scarce those items around today also become more valuable.
So all these prognostications regarding PLEX prices going to 2 billionGǪ.why arenGÇÖt we seeing it right now? What is preventing this from happening? After all, if the price of PLEX is going to hit 2 billion in a few months, why are people not buying them up now and thus driving the price up to 2 billion in short order? Maybe
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Teckos Pech
Amok.
Goonswarm Federation
6492
|
Posted - 2017.05.22 21:25:39 -
[2] - Quote
Blade Darth wrote:I predict 3-4b if we don't get better npc AI/ reworked sites (capital rats in anoms or something) and current trend of "not enough destruction" continues.
I fail to see the logic here....
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Teckos Pech
Amok.
Goonswarm Federation
6512
|
Posted - 2017.05.27 07:41:35 -
[3] - Quote
Indahmawar Fazmarai wrote:Sonya Corvinus wrote:Indahmawar Fazmarai wrote:Probably next time he shouldn't be born in places like Serbia, Bulgaria, Bolivia or Brazil, where the minimal wage is about 1.50 USD per hour. ...silly 'muricans...  Today I learned it's impossible for people to move. Did you miss the part where I moved thousands of miles to have a shot at a good job? I moved thousands of miles with only what I could carry with me. One more time, if you can't afford $10.95/mo, stop playing video games and focus on your life. But I forgot, I'm american, so there's no possibility I had a **** life for decades. Moving within your country is not "moving". Also there's a well known fact that people who start down and reach to the top usually suffer from survivorship bias ("If I made it, why they don't try?"), forgetting the random opportunities they enjoyed. And by the way, a person can have a perfectly focused life (like having an appartment and a internet connection and a computer) and yet be stupid if they spent money in videogames they can pay with just gametime.
Actually, yes moving within a country is still moving. Maybe not as stressful as moving to a foreign country, but at this point you are arguing over who is the tallest pygmy.
As for using game time to "pay", if you like "grinding" and thereby make enough ISK to PLEX your account, yes then that makes sense. However if grinding is in fact a real grind and you can afford a yearly subscription, then grinding makes little sense...that opportunity cost thing you know.
Nothing is free in life.
And excellent point on survival bias and selection bias in general.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
|
Teckos Pech
Amok.
Goonswarm Federation
6535
|
Posted - 2017.05.31 16:59:05 -
[4] - Quote
Mr Epeen wrote:Clandestiny wrote:Sonya Corvinus wrote:$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....
May I ask where you live? I live in the Mid-South, USA.
5/23/17 CROSS BORDER FEE Miscellaneous/Bill Pay (BP)-$0.30
5/23/17 CCP GAMES ORDERID:3718 Amusement & Entertainment-$14.95
So I'd like the $10.95 fee vs $15.25.
Thanks 
There is no $10.95 option. There is a $131.40 option. If you want a months playtime for $10.95, it'll cost you a yearly sub. But admitting that inconvenient truth sort of defeats the argument put forward. Just ignore Sonya. Mr Epeen 
It is the same thing. I get paid an annual salary. Does that mean I get paid 1x a year? No. I get paid 26 times a year. So I could convert my annual salary to a bi-weekly salary by dividing by 26. If I wanted to get an implicit hourly salary or wage, I'd then divide by 80.
Why is this hard? If I pay an annual sub, my implicit monthly cost is $10.95.
This is simple math and there anyone disputing this has trouble with basic facts.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
|
Teckos Pech
Amok.
Goonswarm Federation
6535
|
Posted - 2017.05.31 17:03:41 -
[5] - Quote
Mr Epeen wrote:Teckos Pech wrote:
It is the same thing.
That's not even remotely true in the context of the discussion. Mr Epeen
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
|
Teckos Pech
Amok.
Goonswarm Federation
6538
|
Posted - 2017.05.31 18:10:24 -
[6] - Quote
Jenn aSide wrote:Mr Epeen wrote:Teckos Pech wrote:
It is the same thing.
That's not even remotely true in the context of the discussion. Mr Epeen Yes it is, you just don't want it to be. EVE costs an average of $10.95 at it's lowest subscription price (which you get if you pay yearly). $15 is its price if you pay monthly with cash and 19.99 monthly pay monthly with plex. The fact that you can't pay monthly for $10.95 doesn't make that amount not be the average cost (and lowest cost) of EVE Online. All of which is moot. If you cannot afford $15 USD per month to play EVE (multiplied by however many accounts one wishes to use), that sucks but it's no emergency or some reason for CCP to intervene in the plex market like some want (whether they'd admit it or not), EVE is a video game made for entertainment purposes and no one owes anyone access to a video game.
EVE is a RIGHT GODDAMMIT! Just like free speech. So I demand that every other EVE players pay more so I an pay less!
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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