PoEconomics: Belton's Market Manifesto (WIP)
" But here is the mistake, it is already at equilibrium the moment it is priced, the 5ex item is already worth 40 in standard 7 days into a league because the RMT value of those 5ex are inflated to a matching degree of the equivelent ratio in standard. Now dont get me wrong i see where you are coming from but it just doesnt back up when comparing apples and oranges, there is SOME of this "special profit" to be made but they are exceptions to the rule and would encompass things like perfect crafts bought early in a league. But if you buy a pair of skyforth on day 7 for 5 ex those 5 ex are probably worth the 40 or so you could buy in standard for the equivalent price. There is no "winning" it might seem like it to you or mr random when hes like i got this 40 ex item for 5ex but those controlling the "real" market this is a zero sum exchange. Last edited by stormyknight on Jun 5, 2017, 12:55:52 AM
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" These theorems aren't all encompassing nor do they claim universal application, obviously RMT is a pervasive and insidious economic factor that influences the game's economy. This is meant to simply illustrate a predictable trend in item appreciation based on historical data. One can safely assume that a 5ex item in the league on, say, day 7 of said league, whose standard counterpart costs 80ex, will appreciate over the course of the league, venturing closer to that equilibrium point. One cannot account for RMT companies activities, albeit I do typically avoid currency investments (turning all ex into c and vice versa a la arbitrage for example) due to concerns about this. These are overarching thematic principles that can help informed decisions be made with some degree of confidence based on the trends and cycles I have observed over ~10 leagues of play. Don't look into that as a statement of universal applicability without potential recourse. Obviously, there are outliers. | |
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on Jun 5, 2017
Looks like someone turned into a necromancer hoho |
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Gotta give it to OP, necromancing his own 6 year old thread by replying to the last comment as if nothing was going on is pretty smooth :D
Last edited by Xyel on Oct 14, 2023, 5:36:06 PM
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Spooktober indeed~
"For we are not now that strength, which in old days moved Earth and Heaven. That which we are, we are; one equal strength of heroic hearts, made weak by time and fate, but strong in will: to strive, to seek, to find, and not to yield." - Ulysses, Tennyson
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you can keep what you kill, even your threads.
Current Build: Penance Brand
God build?! https://pobb.in/bO32dZtLjji5 |
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Dear economist, can you please explain some simple things.
For example: League starts. Everyone have 0 everything. Then suddenly in trade wild items apper - Х divines, XX divines, XXX divines, YYY mirrors and so on. WIld MFers roam countless Crimson Temples and find tonns of Apothecaries, put them on sale for XX divines. If there is a golden ke... ehh if there are such items worth XX-XXX divines probably someone buys them. Where do they get (every league) XXX divines if everyone have started form 0. Question # 1 Where "money" in such quantities come from every time, every league? Question # 2 If there is such places why everybody does not simply "extract oil", considered it is not even near difficult/demanding as extracting real oil? Last edited by BambulaGTS on Oct 17, 2023, 5:38:11 AM
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" we cant answer because of censorship but..R--M--... you figure out the last letter. Last edited by Lyutsifer665 on Oct 17, 2023, 6:08:39 AM
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" Not an answer. To buy money someone needs to sell them to you. So where that guy get the money. And if there are such places why not everybody just pump oil 24/7 instead of doing everything else. |
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" what answer do you want? there are mirrors and mageblood belts etc on trade after day 2 of a fresh league...who puts them there, do ppl farm it or?? you figure it out... |
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