Games are cool. Economics is cool. Game Economics is just beginning.

The Economics of Reality TV

In case you haven’t been paying attention, Netflix just re-discovered the reality/reality-doc genre. In 2 weeks: Tiger King To Hot Too Handle (international cast) The Circle (4 international versions already released) Love is Blind I chuckled a bit when when Netflix remarked that they saw Fortnite as their biggest threat, but after 6 weeks in…

1950’s Peruvian Coke and Gacha

In the 1950’s, Peruvian inflation forced Coca-Cola to charge more per bottle of Coke. Unfortunately, their vending machines required physical updating to accept a new and larger domination. Instead, Coke devised a probabilistic system: the machine would charge the same amount as before, but randomly refuse to give a bottle. This raises the expected price…