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Game Theory: What is a Minecraft Emerald WORTH?

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#Tags: Game Theory: What is a Minecraft Emerald WORTH?   minecraft   minecraft emerald   minecraft emeralds   minecraft villager   minecraft trading   minecraft theory   minecraft world   minecraft diamonds   minecraft gold   minecraft ruby   minecraft village and pillage   village and pillage   minecraft story mode   minecraft survival   economics   currency   minecraft economics   minecraft currency.game theorists   game theory   matpat   game theory minecraft  

Video description
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In Minecraft's recent update to the Villager trading system, they stopped with their randomly-generated prices and started setting a standard. Well Theorists, give me a consistent standard and I will give you a theory! This is the key to figuring out the economy of the Minecraft world - or at least the value of all the good we've been trading all these years. The most curious, to me, were the emeralds. How much is an emerald worth in Minecraft - and how does that potentially RUIN Minecraft's whole economic structure? Let's find out!

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#Minecraft #Emeralds #MinecraftEmerald #MinecraftLore #Econimics #MinecraftWorld #Enderman #MinecraftTheory #Theory #GameTheory

More THEORIES:
The Tragedy of Minecraft's Sunken Tomb ► http://bit.ly/1qV8fd6In
The History of Minecraft's Underwater Gods ► http://bit.ly/1qV8fd6In
The Tragic Story of Minecraft's Zombie Pigmen ► http://bit.ly/1qV8fd6In
Minecraft, STOP Punching Trees!  ► http://bit.ly/1qV8fd6In
The Lost History of Minecraft's Wither ► http://bit.ly/1qV8fd6In

Credits:
Writers: Matthew Patrick and Zach Stewart  
Editors: Tyler Mascola, Alex "Sedge" Sedgwick, and Marc Schneider  
Assistant Editor: AlyssaBeCrazy
Sound Editor: Yosi Berman

Sources:  
http://bit.ly/1qV8fd6In
http://bit.ly/1qV8fd6In
http://bit.ly/1qV8fd6In
http://bit.ly/1qV8fd6In
http://bit.ly/1qV8fd6In
“Chapter 1: How Money Works.” Dave Barry's Money $Ecrets: like, Why Is There a Giant Eyeball on the Dollar?, by Dave Barry, Random House Large Print, 2006.
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