It is a busy night. Everyone is talking to someone else, exchanging goods, bartering, buying, and selling. People favor talking to people they know, and newbies, as they call them, have a tough time getting to the heart of the dealings. Tonight is not a peasant marketplace, but a busy Saturday night at a trading card store. People gather from the surrounding area to group together, buy, trade, and sell cards, and play these trading card games with one another. It is a communal event, one where everyone participates in some manner or another. The most popular game, Magic: The Gathering, usually attracts the most participants, but other games, such as Yu-Gi-Oh and Pokemon, attract people as well. This group is one which returns, in the most part, time and time again to participate in the activities offered. Single time visits are not too rare of an occurrence and new people do attend, but the majority of the people at the shop know each other by name and have relationships that have developed over weeks, months, and sometimes years of interactions. Despite all cards having set values, the economic system of trading cards is a reciprocal system where relationships determine interactions because the participants usually have more than one interaction with each other.
The standard value of any given trading card depends on a single factor: supply and demand. The supply end is controlled almost exclusively by the owners of the trading card game. The corporations or companies that own the trading card game decide how many of each card gets printed, whether there will be another printing run of the card, and if the card will have any special aspects. In almost every trading card game, there are inherent levels of rarity built into the ...
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Works Cited
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To begin with, Interaction is defined as reciprocal action, effect, or influence. When it comes to videogames players get a sense of being interactive with the world they are residing in. Player interaction can involve different forms such as direct conflict, negotiation, trading, and information. Players that are involved in direct conflict are mostly engaged in competing against another player. One way of making direct conflict in games is by process called “attacking the leader” where players combine efforts to weaken a high ranking player. In games where a more reasonable approach is offered players can negotiate with each other to achieve their goals. In a game like “Monopoly” players will often converse with one another to g...
We the consumer would rather pay less for any product that is needed or want. Ultimately we are the reason for high prices as well as low prices. Prices of products do not always stay the same and more popular products have higher prices than less popular products. These fluctuations, high prices and low prices are from the idea of supply and demand. Supply and demand defines the effect that the availability of a particular product and the desire or demand for that product has on price. Generally, if there is a low supply and a high demand, the price will be high (Investopedia). To understand the idea of supply and demand, the understanding of supply and the understanding of demand must be defined. The Law of Supply states that at higher prices, producers are willing to offer more products for sale than at lower prices, also that the supply increases as prices increase and decreases as prices decrease (Curriculum Link). The Law of Demand states people will buy more of a product at a lower price than at a higher price, if nothing changes, at a lower price, more people can afford to buy more goods and more of an item more frequently, than they can at a higher price and that at lower prices, people tend to buy some goods as a substitute for others more expensive (Curriculum Link). In todays economics these ideas are seen frequently in everyday life. The laws of supply and demand are seen in many ways in the company Apple Inc. Each year Apple Inc unveils a long awaited mobile operating system and IPhone. We can also see many aspects of the law of supply and demand in Nike Inc’s Jordan Brand. Jordan Brand has released a number of...
On July 21, 2017 at 0730 hours, a Social Worker notified police service that she had lost his government issued Prox Card. Investigation revealed that the social worker last saw her Prox card on July 20th, 2017 1540 hours, when she was leaving for the day and noticed it missing when she returned to work no July 21, 2017 at 0715 hrs. She attempted to locate the Prox card with negative results. The social worker will continue to look for her Prox card and report it missing to her supervisor.
Social exchange theory. What is real is real in its consequences, per W.I. Thomas. If residents in close proximity to a casino perceive themselves as benefitting from gaming then they are likely to view the casino as positive on their environment, if they perceive themselves as incurring costs or being victim to crime they are likely to view it as negative. Some communities report two-fold increase in the social worker case loads, and an ongoing demand existing f...
The first thing that one notices when looking at this image is two people appearing to have a good time playing the board game known as Battleship. Both players are smiling and making animated gestures; the older player even appears to enjoy losing. This superficial analysis probably resulted in many impulse buys and a large profit for Messrs. Milton and Bradley. For many people, the implications stop there: “Battleship is fun. You should buy Battleship.”
Bissell, Tom. "Extra Lives: “Why Video Games Matter.” They Say / I Say 2nd Ed. Birkenstein, Cathy, Russel Durst, and Gerald Graff New York: W.W. Norton & Company, (2012). 349-361. Print.
Bissell, Tom. Extra Lives: Why Video Games Matter. New York, NY: Pantheon Books, 2010. Print.
The law of demand tells us that "Quantity demanded rises as price falls, other things constant, or alternatively, quantity demanded falls as price rises, other things constant (McGraw 2004). The XBOX 360 phenomenon that took place in 2005 is a good example of this economic principle at work. Microsoft's XBOX 360 gaming console was released into the U.S. market on November 22nd 2005. The release came after a great deal of advertising and media hype that ensured that the demand for the product would outweigh the supply. Quite simply, there were more consumers wanting to purchase the product than there was product available. The retail price for the gaming system with a hard drive was $399. Many consumers, however, paid a great deal more than the $399 sticker price to acquire the system. On the morning of the U.S. release, retailers across the nation sold out of the product within just a few hours of opening their doors to consumers. In the weeks that followed however, many consumers purchased the unit from sellers on on-line auction sites and even from individuals in parking lots for as much as $1500. The reason for this was that the supply was significantly less than the demand for the product. In some cases, parents who wanted to ensure that their children received and XBOX 360 for Christmas in 2005 were willing to pay well over retail for the hard-to-acquire system. In other cases, video gaming enthusiasts wanted to be among the first individuals to own and play the system. News reports across the nation showed footage of people lining up days ahead of November 22nd in order to secure a place in line at retailers that would have the product available on the release date.
2 pairs: 4 cards that have the same numerical value ( ex 2 3’s and 9s’)
Duhigg evokes that “Target began building a vast data warehouse that assigned every shopper an identification code-known internally as the ‘Guest ID number’-that kept tabs of how each person shopped” (187). Every time one goes shopping, they share intimate details about their consumption patterns with retailers. Many of those retailers are studying those details to figure out what consumers like, what they need, and which coupons are most likely to make them happy. Sports Authority provides this “Guest ID” method by offering their consumers to join free rewards program called “The League”. They encourage them to create this membership and give them benefits such as coupons and update them on the newest discounts. Also, the rewards program is based off a point system and when one has earned a certain amount of points they send them a gift card to spend however they wish. Though, what the consumers don’t know is that by applying for their free rewards program is that their collecting data and constructing analysis to make them into loyal
The card game of poker has many variations most of which were created in the United states in the mid 1990s. The standard order of play applies to most of these games, but to fully specify a poker game online requires details about which hand values are used. The number of betting rounds and exactly what cards are dealt with and what other actions are taken between rounds.
The monopoly game is mainly characterized by strategic thinking, luck, critical thinking, probability, trading, and management skills (Darling, 2007). The element of the luck comes from the dices that are thrown by the players. Also, the decision of which player are going to start. What is more , there are other elements that increase the uncertainty in the game. For example, chest cards and the community cards which might change the direction of the player both positively and negatively. As a result to this change the player will adopt new strategies and plans.
In a society driven by technology, video games are becoming more popular each and everyday. People of all ages enjoy video games in their free time; these games allow the player to become an athlete, a soldier, or a professional fighter at the tip of their fingers. The biggest problem with these video games is that they are becoming too violent. In today’s society, children often brag about the new video game they bought, and the number of people they have managed to kill while playing these games. Video games have become realistic, causing them to intrigue a larger amount of children. Many of these violent video games encourage killing and fighting of enemies, or strangers in the game. Each year a new game system, and hundreds of video games are released, and millions of kids go out and buy them and spend hours playing. Video games have a large effect on school performance and time spent with family. Children would prefer to play their games than sit down and talk with their parents (Saleem, 2012).