Friday, September 08, 2006

World of Warcraft, learning economics

13 year old "what I don't understand... is when WoW was new and nobody had much money, and a really good item dropped, how its price would be determined at auction"

Emergent* understanding of supply and demand and the effect of the money supply on market prices by a 13 yo.

More evidence (not that we needed more) of the educational value of WoW in its own right, in addition to the ways it could be used for teaching.

*emergent http://en.wikipedia.org/wiki/Emergent Emergence is the process of complex pattern formation from simpler rules OK I'm misusing the word but its my blog.

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1 Comments:

Blogger Bill Kerr said...

Joi Ito's paper on emergent democracy is what initially persuaded me that blogs were something much more than a million monkeys hammering away on keyboards

You would be interested in Joi's wiki too, because I just noticed he had devoted a lot of it to World of Warcraft

Saturday, September 09, 2006 12:30:00 PM  

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