Valve Hires Economist-In-Residence To Explore Data From Virtual Economies

from the excellent-news dept

We spend an awful lot of time talking about the economics of digital information, and how it challenges economics that are solely focused on "scarcity." And we've written plenty about how Valve Software has taken a really data-driven approach to its offerings -- often going against "conventional" thinking, but having the data (and revenue) to back up those decisions. So it's neat to see that the company has hired economist Yanis Varoufakis to be its "economist-in-residence" where he'll be exploring the data and sharing some of his findings with the world on a new Valve blog (which doesn't appear to have a Twitter feed... though hopefully they'll fix that). I tend to think it's a good thing when smart companies recognize how they can use real economics (and smart economists) to help them do cool things, so I'm looking forward to what Varoufakis has to say...
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Filed Under: data, digital content
Companies: valve


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  1. identicon
    Anonymous Coward, 19 Jun 2012 @ 6:39pm

    Before I was a network engineer that dabbled in programming, I was a dual major in psychology and computer science. My main goal was behavior psychology testing on humans, which is possible due to computer simulation with video games. Credit goes to Dr. Donald Hantula: http://astro.temple.edu/~hantula/
    Since then I have strictly stuck my head in the sand with networking, but the experience was well worth the effort. I hope that both Dr. Hantula, Mr. Varoufakis and others do learn from online worlds, which I think has the potential to revolutionize many fields of science.

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