The Economics of Online Gaming - by Andrew Wagner (Paperback)
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<p/><br></br><p><b> Book Synopsis </b></p></br></br><b><i>The Economics of Online Gaming</i> covers basic economic concepts, unique economic issues, and general economic themes.</b> This book is made from the connections that the author saw when he compared his experience inside a video game with what he learned through a formal study of economic theory.</p> <p>Set in the Massively Multiplayer Online Role-Playing Game (MMORPG) of Eternal Lands, it follows the true story of Mr. Mind, a gamer who builds a business inside the game world that he calls RICH. This business grows from a small start-up to an unregulated natural monopoly that abuses its market power by intentionally losing money to drive competitors out of business.</p><p>RICH becomes so influential that it breaks the market process with a unique case of regulatory capture. Through this story, the book demonstrates how economic thinking is absorbed by experimenting inside an online video game.</p><p><i>The Economics of Online Gaming</i> covers basic economic concepts, unique economic issues, and general economic themes. Each of these topics begins with the context of a story and continues with an explanation of the economic theory behind it, finishing with a relevant real-world connection. It supports economic theory in an emotional way that cannot be shared through math or charts or graphs.</p><p>Appendix B provides a comprehensive outline of ideas for teaching and discussion in each chapter.</p><p/><br></br><p><b> About the Author </b></p></br></br><b>Andrew Wagner</b> is a dedicated gamer and a passionate advocate for economics education. He is the founder and chief investment officer of Wagner Road Capital Management, LLC, a Minnesota-based registered investment adviser. Through his firm, he provides investment consulting services to professional fund managers and manages an investment fund that identifies and invests in high-quality companies. His professional experience covers consulting projects in a wide range of investment strategies, asset classes, and industries, and his ghost-written research has appeared in national and regional publications. He has a master's degree in economics from Kansas State University.
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