A post by "Zekta Chan" http://Phase3profit.net

I am a Software Engineer and a Wow player in Hong Kong. I keep on doing many small project of mine to learn more about the world. Currently studying the economy in the World of Warcraft. These are the notes of what I had found and thoughts when I am there. To see more posts click here

The Food Chain – The Fool

fool.jpg

The Fool

These are people who would buy [item]Tigule and Foror’s Strawberry Ice Cream[/item] on AH instead of buying from NPCs. We are had been The Fool sometime in the game, when we hadn’t got any prior knowledge of a given market. The main reasons of such ignorance is lack of resources (Without knowledge of wowhead nor had guild mate willing to tell them that) or lack of incentive to do so.

How the fools evolve

For lack of resources, it’s an easy fix, a direction of where to look at is enough. It’s easy for one to acquire knowledge nowadays, and A player which can play wow, must able to view the internet, don’t they? Some of them just lack the incentive to learn, they’ll remain as fool until it’s hurt, from my point of view being satisfy of being ignorance is a sin of itself. (“It’s just a game” is their motto)

Although, the fools evolve from time to time (Not being a fool again), they never extinct (There always fresh supply).

Incentive of learning

The lesser the penalty of being stupid (only 1g for not knowing there is an npc selling ice-cream), the lesser incentive of finding it out. The opposite is true too, the higher penalty, the higher incentive. (Without knowledge of an optimum dps rotation may lead to wipe of 25 decent gear’s repair bill, and a high social penalty of being the least dpser, even kick out from a raid)

I had came across many people who resist learning nor having excuse of them, as Gevlon put it- The M&S, and if any socialist help them or forces others to help them, they’ll prolong the resist on climbing the learning curve. As helping lower the penalty for being Ignorance, and sometimes even reward them for being incompetent (You earn gears upgrade from an instance run, if your gear sucks more).

How they affect the market

These are silly money to collect (or to milk in gevlon’s term), and you’ll be surprised how many Ice-creams one can sold in a single day in children week.

These people flood the market with cheap goods, or buy when the price is too high, and they don’t even notice it. They are the angle which gives high (if not the greatest) profit to traders, the also the market, with random behavior.

They can be steady source of profit, but which product they’re buying or selling will change by time to time.

Summary

I agree with Gevlon’s Idea that, stop helping those M&S. As this is the only way to make them help themselves.

How do one defeat ignorance ? To learn.

How do one defeat other’s ignorance ? Make them learn.

-Zekta


2 Responses to “The Food Chain – The Fool”

  • Jederus Says:

    Nice Write up Zekta. I like this format and look forward to next Thursday.

    • Zekta Chan Says:

      @Jederus
      Thanks for that :) . I did found some of spieces on my list overlap with the post on your site’s newest post . Interesting points out you have there, I actually missed out couples as well.

      They won’t be covered here very soon (Since they are at the top of the chain :) ) . Glad you like this column…