Pamela Kelly
2025-02-08
Agent-Based Modeling of Supply and Demand in Blockchain-Enabled Game Economies
Thanks to Pamela Kelly for contributing the article "Agent-Based Modeling of Supply and Demand in Blockchain-Enabled Game Economies".
This research explores the intersection of mobile gaming and behavioral economics, focusing on how in-game purchases influence player decision-making. The study analyzes common behavioral biases, such as the “anchoring effect” and “loss aversion,” that developers exploit to encourage spending. It provides insights into how these economic principles affect the design of monetization strategies and the ethical considerations involved in manipulating player behavior.
Puzzles, as enigmatic as they are rewarding, challenge players' intellect and wit, their solutions often hidden in plain sight yet requiring a discerning eye and a strategic mind to unravel their secrets and claim the coveted rewards. Whether deciphering cryptic clues, manipulating intricate mechanisms, or solving complex riddles, the puzzle-solving aspect of gaming exercises the brain and encourages creative problem-solving skills. The satisfaction of finally cracking a difficult puzzle after careful analysis and experimentation is a testament to the mental agility and perseverance of gamers, rewarding them with a sense of accomplishment and progression.
This paper examines the application of behavioral economics and game theory in understanding consumer behavior within the mobile gaming ecosystem. It explores how concepts such as loss aversion, anchoring bias, and the endowment effect are leveraged by mobile game developers to influence players' in-game spending, decision-making, and engagement. The study also introduces game-theoretic models to analyze the strategic interactions between developers, players, and other stakeholders, such as advertisers and third-party service providers, proposing new models for optimizing user acquisition and retention strategies in the competitive mobile game market.
This research critically examines the ethical considerations of marketing practices in the mobile game industry, focusing on how developers target players through personalized ads, in-app purchases, and player data analysis. The study investigates the ethical implications of targeting vulnerable populations, such as minors, by using persuasive techniques like loot boxes, microtransactions, and time-limited offers. Drawing on ethical frameworks in marketing and consumer protection law, the paper explores the balance between business interests and player welfare, emphasizing the importance of transparency, consent, and social responsibility in game marketing. The research also offers recommendations for ethical advertising practices that avoid manipulation and promote fair treatment of players.
Gamification extends beyond entertainment, infiltrating sectors such as marketing, education, and workplace training with game-inspired elements such as leaderboards, achievements, and rewards systems. By leveraging gamified strategies, businesses enhance user engagement, foster motivation, and drive desired behaviors, harnessing the power of play to achieve tangible goals and outcomes.
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