Game Theory: What is a Minecraft Emerald WORTH?

01 Th02, 2020
4 855 347 lượt xem

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In Minecraft's recent update to the Villager trading system, they stopped with their randomly-generated prices and started setting a standard. Well Theorists, give me a consistent standard and I will give you a theory! This is the key to figuring out the economy of the Minecraft world - or at least the value of all the good we've been trading all these years. The most curious, to me, were the emeralds. How much is an emerald worth in Minecraft - and how does that potentially RUIN Minecraft's whole economic structure? Let's find out!
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#Minecraft #Emeralds #MinecraftEmerald #MinecraftLore #Econimics #MinecraftWorld #Enderman #MinecraftTheory #Theory #GameTheory
More THEORIES:
The Tragedy of Minecraft's Sunken Tomb ► viworld.info/rock/video/poJ_lGWjz2mat2Q.html
The History of Minecraft's Underwater Gods ► viworld.info/rock/video/yYCDr3Oq14R_zXU.html
The Tragic Story of Minecraft's Zombie Pigmen ► viworld.info/rock/video/y7CIk4fCz56Xx30.html
Minecraft, STOP Punching Trees! ► viworld.info/rock/video/xYSax5TDyIiexp8.html
The Lost History of Minecraft's Wither ► viworld.info/rock/video/zmWF0JmWpImZnH0.html
Credits:
Writers: Matthew Patrick and Zach Stewart
Editors: Tyler Mascola, Alex "Sedge" Sedgwick, and Marc Schneider
Assistant Editor: AlyssaBeCrazy
Sound Editor: Yosi Berman
Sources:
i.redd.it/r7aecqvkhhu21.png
www.payscale.com/research/US/Job=Farm_Worker%2FCrop_Field/Hourly_Rate
www.singhalinternational.com/tvalue.htm
minecraft.gamepedia.com/Trading/Before_Village_%26_Pillage
www.econlib.org/library/Enc/GoldStandard.html
“Chapter 1: How Money Works.” Dave Barry's Money $Ecrets: like, Why Is There a Giant Eyeball on the Dollar?, by Dave Barry, Random House Large Print, 2006.

NHẬN XÉT
  • The thing is that you can pay one diamond for one emerald, so that’s saying that this is true for diamonds two

    5Furies Gaming5Furies Gaming23 phút trước
  • Why didn’t the villager die it held an emerald when it was in control

    Lulu MelLulu Mel5 giờ trước
  • You can buy full Dimond gear from villagers

    Alexander ScolaAlexander Scola8 giờ trước
  • Well they’re currently not worthless in hypixel

    Forest_playz :3Forest_playz :310 giờ trước
  • Find this kinda rude, ngl...

    Emerald StuffEmerald Stuff19 giờ trước
  • Theirs no emerald tool cause its too heavy for Steve to carry and use

    Timo WuTimo WuNgày trước
  • Sonic got robbed

    Timo WuTimo WuNgày trước
  • I dont have any emeralds but I live in a desert next to a village and an acacia forest so my main wood is acacia and my main food is Carrots because of my huge carrot farm underground.

    MoonL13MoonL13Ngày trước
  • 8:00 Good one captions, good one

    Dr. MultitaskerDr. Multitasker2 ngày trước
  • 13:46 Villager about to smash.

    King Snax No.1King Snax No.12 ngày trước
  • 3:28 oh Lord that's a long bread name

    SAMMYLIA1SAMMYLIA12 ngày trước
  • (Co worker): i don't want this job anymore

    amoh ammadv13amoh ammadv132 ngày trước
  • Is it weird I’m also dating a girl name Steffany

    Just Kaden JonesJust Kaden Jones2 ngày trước
  • The bees 🐝 part?

    poonam khatripoonam khatri2 ngày trước
  • But how do they, or did they get these emeralds if they are so incompetent? How did it start?

    CjorssCjorss2 ngày trước
  • Matpat: You can’t eat them Alex : **Nom**

    Wat UpWat Up2 ngày trước
  • With paper you still have to harvest sugar canes and make them while in real life you have machines for that

    Emil OstinEmil Ostin2 ngày trước
  • BaldPat

    Pakaporn Y.Pakaporn Y.3 ngày trước
  • If ur hungry then ur friend said "bite the dust" will u do it?

    Sean CorlinsSean Corlins5 ngày trước
  • Next do a theory on what went wrong in the wandering trader's brain to make him think his trades are good

    Jake RozewiczJake Rozewicz5 ngày trước
  • Well I can answer this: 22 Wheat

    Jake RozewiczJake Rozewicz5 ngày trước
  • Bababoi

    ZoczZocz6 ngày trước
  • me when I saw the title: oo ok lets go to creative mode and sell those emeralds but alas it doesn't work that way

    Ian NGIan NG6 ngày trước
  • on my way to sell my minecraft emeralds to get 11 bil

    tubersceptictubersceptic6 ngày trước
  • angry mobs arent knocking at our door everynight ... hopefully

    magrosu nrgmagrosu nrg6 ngày trước
  • Ez math, theres a trade that seels emerald for diamond, there price Ez. Or... IS it?

    Gabriel TristanGabriel Tristan7 ngày trước
  • Maybe it sounds ridiculus but 32 sticks for 1 emerald isn't a good deal (unless you're a speedrunner), especially when you can lower the prices of villages by curing them.

    # Brickie# Brickie7 ngày trước
  • Wow

    Omar animatorOmar animator8 ngày trước
  • I like this intro more than the others

    ChainSaw 97ChainSaw 979 ngày trước
  • Who else think that “carats” sounds like “carrots”

    DemonhoodDemonhood10 ngày trước
  • Lapis is blue, redstone is red. For those three emeralds, I'll give you a bread.

    Baff ForFunBaff ForFun11 ngày trước
  • Happy anniversary

    Football DonkeyFootball Donkey12 ngày trước
  • So dumb they have 60 IQ I witch means you have to go on the internet and see if a human has 60 IQ

    Naitik KhalasiNaitik Khalasi12 ngày trước
  • viworld.info/rock/video/1pFk25yxq3GLxoE.html Umm, BLM

    Brendan PittmanBrendan Pittman13 ngày trước
  • This whole video is simply saying: if you find a village, put a wall around it 14:50 THAT I have to argue with, besides it is best to have the actual cash in case software busts.

    Zackary EvansZackary Evans13 ngày trước
  • When your birthstone is emerald... You’re worthless! Correction: I’m worthless! (My birthstone is emerald)

    Just a Random personJust a Random person13 ngày trước
  • Probably you know this but i am gonna say it. You cant count the emeralds real currency worth with minecraft items because minecraft logic and real world logic is different. For example papers are so cheap because they are so easy to find and so easy to craft in real world and in real world paper is not that useful. but in minecraft you can do books and bookshelfs and with that you can start enchanting. Papers are more important in minecraft and in real world papers are made of trees and you can find it everywhere in minecraft but in minecraft sugar canes are rare than wood so paper is more expensive in minecraft.

    One Flying BoiiiOne Flying Boiii14 ngày trước
  • Mind blown

    Gregory ConverseGregory Converse14 ngày trước
  • Im as old as minecraft thats why i like it

    RandomramRandomram14 ngày trước
  • No one: My brain: 🥕🥕🥕Carats🥕🥕🥕

    Millie ThrowerMillie Thrower15 ngày trước
  • That's some expensive paper. Who knew Villagers wanted rotten meat that much.

    Ishan RoychowdhuryIshan Roychowdhury15 ngày trước
  • This is the last time you used your intro.

    Tom is dumTom is dum15 ngày trước
  • Emerald are good tho especially for power up beacon and enchanted book

    IK KSIK KS15 ngày trước
  • Man 10 dollars is already 500 pesos in the Philippines

    Vincent Eleazar UykiengVincent Eleazar Uykieng15 ngày trước
  • Me: where's ronnie? ( at the begining of the video) Me: oh well i will just watch the video. Game theory: ronnie past away. Me: why no one tell me this :(

    Tjthekid 1Tjthekid 116 ngày trước
  • but... u didn't calculate it?

    NekochanNekochan16 ngày trước
  • viworld.info/player/57JW11vBEottZYJjWWpeVg

    breeze 01breeze 0116 ngày trước
  • 2.5 bobux

    FrostheadFrosthead16 ngày trước
  • Mat: 11:54 in Minecraft, everything is done by hand. Mumbo jumbo: *laughs in redstone*

    Evan GustavsonEvan Gustavson16 ngày trước
  • this was bad episode. you should have compared it to relative value of labor for subsistance farmers in recent history and then corrected for inflation. if villigers are really nothing more than subsistance farmers.

    charles norrischarles norris17 ngày trước
  • When you can’t click the vid at the end 🥲

    Dayla and MuffinDayla and Muffin17 ngày trước
  • Wow, he didn’t even need a diamond pickaxe to break that Zelda theory

    Owyn AckermanOwyn Ackerman17 ngày trước
  • Bro the intro is just wow just wow.

    Tabs Tactical ManagerTabs Tactical Manager18 ngày trước
  • i have theory in game theory logo green means game(not the other green bottom right) red means film yellow meand food the other green is gtlive

    moth gamingmoth gaming18 ngày trước
  • 1000000 carrots? that villager got ripped off for selling it for only 22

    im qwertyim qwerty18 ngày trước
  • i am not spending emeralds anymore in minecraft

    Parantap GuptaParantap Gupta19 ngày trước
  • i just think my villagers are broken since they farm so slow

    Wrong PersonツWrong Personツ19 ngày trước
  • 13:45 is that villager getting kidnapped or something

    DestroyerDestroyer19 ngày trước
  • These videos hurt my head, but I love them!!!💚

    Hannah MendilloHannah Mendillo20 ngày trước
  • *"I T ‘ S C U R R E N C Y I C A N E A T !*

    [•JustAli•][•JustAli•]20 ngày trước
  • All chanels game food film and nugget

    Naheed AltafNaheed Altaf20 ngày trước
  • MattPatt: They are paying you for the labor cost it took harvesting the crops. Haybales and wheat from chest: Allow us to introduce ourselves.

    John HuiJohn Hui20 ngày trước
  • I was waiting to see if you would point out the value of time requires and survival

    Tania GreyTania Grey20 ngày trước
  • Imagine if it took 5 minutes to take any crops from the ground in Minecraft...

    Random ContentRandom Content21 ngày trước
  • 5:30 i can DEFINITELY relate to that

    Josiah StephensJosiah Stephens21 ngày trước
  • I love when he says it's "unnecessary" he shows a magikarp on the screen🤣🤣

    XxDarkStarxXXxDarkStarxX21 ngày trước
  • XD love how the video starts

    True sonic gamer #1True sonic gamer #121 ngày trước
  • Math Teacher : "The test is not hard." The Test:

    Gergő RétváriGergő Rétvári21 ngày trước
  • I am going to sing a song

    Blanca MendezBlanca Mendez22 ngày trước
  • Btw when he talked about link I thought couldn't Steve hold up to an entire inventory full of enchanted golden apples which is really heavy count 8 blocks of gold x an entire inventory of 64 in every slot plus his other hand and apples

    li am grabe chickenli am grabe chicken22 ngày trước
  • Scrooge mic duck: appers Me after watching the "how rich is scrooge" video: that Emerald must be werth more than earths money

    JFlint GAMINGJFlint GAMING22 ngày trước
  • Here's a good idea for Emeralds: In the cave update, 1.17 emeralds should be able to craft into armor, and tools

    Daemian CosteniucDaemian Costeniuc22 ngày trước
  • lmao- "Ranging from, 'The worst trade ever made in history,' to 'SHUT UP AND TAKE MY MONEY!!'"

    Beetle the SilkWingBeetle the SilkWing23 ngày trước
  • MatPat: *TALKS ABOUT EMERALDS* Me: * intense flash backing of Aphmau MyStreeet Emerald Secret *

    RainySunsetSeason_PHRainySunsetSeason_PH23 ngày trước
  • only thing its used for is mending or looting enchanted book from villagers

    PookiePookie23 ngày trước
  • I mean c'mon it's rotten flesh, it can make food can make Frankenstein and you can sell it for scientists to study for zombies it's real life facts

    J-PlaysJ-Plays23 ngày trước
  • You should make a lore about terraria because it has many bosses that have some juicy lore

    J-PlaysJ-Plays23 ngày trước
  • or a simple mushroom.

    Heng Shu WeiHeng Shu Wei24 ngày trước
  • Me:What do you have villager. Villager:I'll give you a grass block for an emerald. Me:kills villager and burns down village.

    Mike PaezMike Paez24 ngày trước
  • Normal villager: ITS EXPENSIVE Wandering villager: nah its so cheap

    THE ZANTHE ZAN25 ngày trước
  • More vids with dream plz Like if u agree

    ZandedZanded25 ngày trước
  • Emerald is not wertless

    Gustavo NeriGustavo Neri25 ngày trước
  • Thumbnail : Emeralds are worth 48 cents Me : *At least its WORTH something!*

    Timothy William SahagunTimothy William Sahagun25 ngày trước
  • You are overthinking

    lyrical nationlyrical nation25 ngày trước
  • frick you matpat

    Aaron YT 1Aaron YT 125 ngày trước
  • I'd say roughly 1 emerald

    Harvey BradleyHarvey Bradley26 ngày trước
  • That intro was the definition of MatPat.

    AR - 06CC 779513 David Leeder MSAR - 06CC 779513 David Leeder MS26 ngày trước
  • Matpat: Talking about emerald worth Villagers: Write that down! Write that down! (Edit: And I’m sorry if this seems stolen just felt like making this comment and I didn’t scroll down so sorry)

    The god of gamingThe god of gaming27 ngày trước
  • You are also looking at paper that was made by hand rather than by automation.

    calknightcalknight27 ngày trước
  • 22 carrots of what?

    DrizzleDrizzle27 ngày trước
  • I have to say it to you. It depends on the rarity of an item, the more rarer of an item, the more it costs.

    Productive VillagerProductive Villager27 ngày trước
  • This video tastes like pizza rolls

    JOKER IS IN THE MEMEJOKER IS IN THE MEME27 ngày trước
  • hmmmm hmhm mmm mhhm mmmmmmh hm mh. (i never did want you to harvest my carrots mat.)

    Marjorie LynchMarjorie Lynch27 ngày trước
  • I have a theory about piglins and hohlens. So the hoglins where pigs traped in the nether and evolve to adapt to the envirment now the piglins they are cured zombiepigmen how were they cured the ancient ancestress now endermen

    Joey KingJoey King27 ngày trước
  • Also carrots are more rare in minecraft so they are not a few dollars, they are $20.

    Aaron BergAaron Berg28 ngày trước
  • The problem here is, you are comparing minecraft agrarian society with population that has no arms, with today's globalized automatized mass industry. edit: nvm, he said it later in the video xd

    Dominik BíroDominik Bíro28 ngày trước
  • HOW ABOUT REDSTONE FARMS? ITS INDUSTRIAL, NOT BY HAND

    Flavour Cat StudiosFlavour Cat Studios28 ngày trước
  • I don't see why you even need the cartographer with a map for 25 emerald when you can just put a bonus map on Edit:this is maybe how bill gates got major rich

    James WilsonJames Wilson28 ngày trước
  • its in the past, so it worth more

    Golden GamingGolden Gaming28 ngày trước
  • Most people: Minecraft is for fun Matpat: *n o*

    Epic mlg SanicEpic mlg Sanic28 ngày trước
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