Math rant about econ

First let me stress I AM NOT TRYING TO SCREW WITH THE ECONOMY IN OASIS and i do not care if the correct prices are used or not. I did this because i am interested in the economy and thought it might be fun to see how inaccurate the current prices are in the adminshop i worked off the assumption diamonds are worth 50 coins.

Terms Defined

Chunk= Standard unit of minecraft messurment is a 16X16X256 shape containing a total of 65,536 blocks this includes air to the best of my knowledge.
SANOPC= Average natural occurrence per chunk entire chunk
AANOPC=Adjusted natural occurrence per chunk when measuring y64 and below.
D= Diamond
G= Gold
R=Redstone
I=Iron
C=Coal


Ratios
SANOPC=65,536
D=3.097
G=7.5
R=25
I=84
C=655.36

AANOPC= 16,384 blocks total
D=3.097
G=7.5
R=25
I=84
C=163.84

True Vaules assuming diamonds are worth 50 coins
SANOPC
D=50 coins
G= 20.644 coins
R=6.194*
I=1.843 coins
C= 0.236 coins

AANOPC
D=50 coins
G= 20.644 coins
R=6.194*
I=1.843 coins
C=0.945 coins

Given standard mining accrues most often within the AANOPC and the SANOPC is comprised mainly of air blocks i submit the AANOPC price table is more accurate.

Deviation from true value this map
D= zero deviation
G= negative 14.644 deviation
I= positive 9.055 deviation
C= positive .055 deviation

Thanks for your time,
Vampiresfire

P.S. for those of you who dont understand this but would like to know what the real prices should be look at AANOPC.

*redstone ore is vauled at 6.194 but because ore drops 4-5 dust each dust is worth 1.376 coins.

Math used to find real vaules using AANOPC measurements
Item AANOPC/Diamond AANOP=Item Ratio
50/ Item Ratio= True Value

That was interesting to read, but it doesn't really matter. People will always attempt to undercut their opponents prices, and as a result things are worth less than they technically should be.

Still an interesting post though, I hadn't really thought of the math that way.

It looks like you put a decent amount of work into figuring this out. Nice Job.

However, I have forgotten how to do anything other than addition and subtraction since I left school, so I'll admit I was not able to follow along with this post.


-Nova

That was cool to see. I followed along pretty well and was interested to see how much coal is found above level y64. The thing is, that only takes in to account supply. The demand can make a huge difference in those prices but I don't see how that can be measured.

Supply and demand don't matter because the admin shop sells them. what i did was find the average amount of times a block like diamond iron or gold occurs per chunk. then i assigned the value of 50 coins to diamond and by using the average amount other things occur i was able to calculate their true worth in relation to diamonds.

also as far as things i did not calculate such as demand first id like to see an equation that does do that b4 you dismiss my stuff as inaccurate. Second and more important because supply is functional infinite due to the size of the map compared to those mining supply and demand are not relevant even if adminshop didn't buy and sell them at a set price. Because of this occurrence item value is determined by the effort needed to obtain the item primarily with very little influence from the usage of the material.

You sure make a lot of posts about economy...
but i understand. You are annoyed by something. Capitalism annoys me to. The ability to price things on a whim can sometimes be abused, but overall is conductive to a beneficial economic environment(by beneficial, i mean mostly beneficial to the majority of the community). So Capitalism can be a bitch, but it's a hell of a lot better than socialism or communism. Would you want to be forced to share with all the noobs?

vampiresfire wrote:Also as far as things i did not calculate such as demand first id like to see an equation that does do that b4 you dismiss my stuff as inaccurate. Second and more important because supply is functional infinite due to the size of the map compared to those mining supply and demand are not relevant even if adminshop didn't buy and sell them at a set price. Because of this occurrence item value is determined by the effort needed to obtain the item primarily with very little influence from the usage of the material.

I wasn't throwing this out saying it was inaccurate because like I said, I don't see a possible way to measure some of the other variables. Hey, what was your math on the gold ore to gold ingots pricing out of interest. I just wonder how you got that number.

i only measured ore value in this post but if ingots had a different price than ore it would need to be 8 times the value of coal because coal heats 8 times plus the value of the ore.

I decided to add redstones info becuase im selling it now and i added my method so i dont forget it if i decide to add more stuff and so people can add their own stuff if they want.

There a quote by a very smart guy for just such an occasion.

"Everything is worth what its purchaser will pay for it."

as it turned out i lied and couldn't stay away from the econ lol as i ended up trying to have the gold prices moved back to 20 coins per ore. but thats the reason im posting i want to define prices for all the items such as wheat and reed as accuratly as possible.

What im thinking is translating my stuff on chunk frequency into time required to obtain the item the using the diamond base like i did b4 to determine the true values of farm able items. of course this will be more subjective becuase stuff like melon is easy to obtain in infinite amounts and so are alot of the other materials so really any idea would be helpful