Please change taxes...

[Nalien]

If what you claim is true, then why do giant financial institutions use these models on a daily basis? Because they are very accurate.

Because they do not. Financial institutions employ mathematicians and physicists which based on research develop new models tailored to their current deals. Have you ever seen a bank or the like from the inside? Let alone worked for them? Thought so.

Food for thought: If taxing for every price adjustment is better, why don't we do this in real life? As it is now, real life taxes items once they are sold. Why is that?

Because real life markets have no perfect transparency of available goods and their prices, both of which are the case in an online game. Entirely disregarding further aspects mentioned and not.

Stop making a fool out of yourself.

[Zigkid3]

on reality, profit, time, and value

In game people want to make a profit too lol. I agree time is a factor in an items worth. Processing an item however requires either time if you harvested all the materials yourself, or time+cost of raw materials. The time and cost of raw materials to acquire an in game item can be seen just the same as the real life examples you just gave.
By the way the value of everything in a real life economy is subjective as well: http://en.wikipedia.org/wiki/Subjective_theory_of_value
Think back to the times when people used to barter for things, and how currency became a medium to place a value on said item.
But alas, we were talking about the effects of taxes on an economy.

[Zigkid3]

Financial institutions employ physicists. Have you ever seen a bank or the like from the inside? Let alone worked for them? Thought so.

Hmmmm....

Because real life markets have no perfect transparency of available goods and their prices, both of which are the case in an online game.

Which is why in game economies follow economic models even more accurately, for that exact reason. Real life markets follow these models closely as well, just saying an in game one would follow them even more so.

[Nalien]

Hmmmm....


Which is why in game economies follow economic models even more accurately, for that exact reason. Real life markets follow these models closely as well, just saying an in game one would follow them even more so.

It's amazing how narrow-minded you are and how strongly you focus on single isolated points which would seemingly help your case. The sheer fact of you "hmmm...."ing over the fact of big banks, insurances and the like employing more mathematics and physics majors than economists proves you have no fucking clue of what real world economics or finance is like. Not even going to argue over the rest with you anymore, you're hopeless.

[Zigkid3]

It's amazing how narrow-minded you are and how strongly you focus on single isolated points which would seemingly help your case. The sheer fact of you "hmmm...."ing over the fact of big banks, insurances and the like employing more mathematics and physics majors than economists proves you have no fucking clue of what real world economics or finance is like. Not even going to argue over the rest with you anymore, you're hopeless.

Sure they use a lot of math, but they aren't hiring mathematicians. The hmmm... comment was to point out the even worse irony that you claim physicists work for banks or other financial institutions. I'd rather see a financial firm run by finance, accounting, and econ majors.

[Nalien]

Sure they use a lot of math, but they aren't hiring mathematicians. The hmmm... comment was to point out the even worse irony that you claim physicists work for banks or other financial institutions. I'd rather see a financial firm run by finance, accounting, and econ majors.

What you would rather see does not fucking matter, you obviously aren't in the industry or even studying any of the subjects at university level so just leave you ignorant mongrel.