Playing a game is more fun when you know how to succeed. But a player’s mind goes through various stages of different decisions. These stages are influenced by several factors. These days, the in-game economy is one of the most significant factors. Do you want to know more about the impact of it on a player’s psychology? If your answer is yes, you can read this comprehensive article.
Online gaming is going through various changes. Every day is a new day for this particular industry as many new concepts and ideas come up. In-game currencies are also a new concept for most players. However, people are getting familiar with it because its information is spreading faster than light. You can explore many gaming websites like egamersworld.com where in-game economy is given importance.
The use of these virtual currencies is exciting in many aspects. You won’t realize it until you experience using them in virtual life. As a gamer, it is always a promising opportunity to experience new concepts. So you must try the same. Before that, it is essential to learn how it affects a player’s decision-making. Here we have mentioned all the things you might be inquisitive to comprehend about the same.
What Is The In-game Economy?
- Source: venturebeat.com
The in-game economy is a wider term that only a few people understand in brief. Many games and gaming platforms have introduced it for the benefit of both players and game developers.
By the term, it is evident that in-game economy is a type of currency that is used in the game itself. If you are a player, you might be familiar with using some virtual coins to buy some equipment. Well, these virtual coins are synonymous with the in-game economy.
A player first earns these counts by accomplishing the tasks they are supposed to complete. It serves as a token of reward for them. The tasks vary according to the type of game you are playing. For instance, an adventurous game of hurdles might require you to cover some distance to gain economy. Once you earn the same, you can buy new items or even sell some for more currency. All this leads to the enhancement of excitement in players’ minds. In short, it creates a sense of enthusiasm in them. They play more to earn more.
How Does In-Game Economy Work?
The working of the in-game economy appears complicated to comprehend. Players usually get perplexed while understanding this and the reason is that it would be new for them. Initially, you might also experience it. With time, you can fully learn it.
The in-game economy works straightforwardly. In real life, you use traditional money to buy items and sustain your life. Similarly, in gaming life, you use in-game virtual coins, tokens, and currencies to buy things and improve your levels. As you move further, you can also complete the entire game by using them in the right manner.
Developers are the only ones who can add this particular system to the game. They use special coding to ease out the process of earning and using them for a player. They also control the supply of these virtual currencies.
How In-Game Economy Affects A Player’s Mind?
- Source: accelerationeconomy.com
Psychologists have the answer to every question related to the impact of using virtual currencies in a game. Their answers can be interpreted in a variety of ways.
You might have also played a game that uses this concept. What did you feel? A deeper sense of competition or enthusiasm? Or did your confidence level get boosted? The thing is that every player’s experience differs. But some common things get influenced by the use of in-game economy.
It is usual to experience a certain level of competition when you are playing a game. However, sometimes, it becomes difficult to sustain it. That is where the virtual in-game currencies play their role.
Each game level comes with diverse tasks and missions and everybody has to accomplish them. At first, the reward might be insignificant. As you keep playing it, your enthusiasm might be affected if there are no rewards. Now think of a game that has an in-game economy. From the first turn, you will be interested in accomplishing every little task to earn the rewards. It is the only way to enhance your player’s performance too. You can equip yourself with special items, tools, weapons, and other equipment. As a result, your player will become better than others.
High competition feeling allows them to make decisions that will turn out to be the best for their overall performance. For instance, you will try to earn more by raising the level by buying advanced equipment.
Not every gamer succeeds in earning and using virtual currencies perfectly. Only a few who have a deeper understanding can be successful. The concept of in-game economy also allows the players to learn how to manage the risks.
Earning coins is one thing, but losing them is also real. When you lose more coins than you earn them, your confidence level degrades. Instead of using the coins recklessly, you might use them in a sophisticated manner. This ensures risk management as you learn about it as time passes by.
Understanding the loss is suitable when you wish to play professionally. Without the same, you won’t be able to succeed and get the expected returns.
- Source: bcg.com
The usage of in-game economy also allows players to learn real-life financial lessons. A lot of people are already into investing money. Games make them understand the concept of investing the coins suitably. Like, they can continue earning more by completing the tasks and utilizing perfect equipment for their gaming performance.
Gaming affects the real-life decisions of a person. But it is impossible when the decision-making is wrong in the virtual world.
The concept of in-game economy has a lot of influence on the player’s mind. From getting competitive to learning risk management and real-life lessons, it directly impacts their decision-making. All of this is for the betterment of the player.