Fate of Eurozone Rests in Hands of Videogame Expert

yanis

It was confirmed today that the finance Minister of Greece and thus by proxy the person charged with saving the Eurozone will be the economist Yanis Varoufakis, a self described “erratic Marxist” with an interesting recent job history – three years ago he was hired by the videogame company Valve to manage their real and virtual economies. Yanis has said that he used his time at Valve to sharpen up his understanding of how economies work and used Valve’s internal economies as a test-bed for “meaningful experimentation” on his economic theories. Valve keep their sales figures secret.

Just a couple of years ago Mr Varoufakis was writing in great detail on the Valve company blog about the intricacies of trading laser guns, keys and earmuffs in the videogame Team Fortress 2 – something he likened to Adam Smith’s “concept of an economy that sprang from a penchant for pure exchanges”.

It’s probably worth a shot…




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Quote of the Day

Dr Alexander Kogan, the app developer who originally harvested the Facebook data, said…

“I think what Cambridge Analytica has tried to sell is magic and made claims this is incredibly accurate and it tells you everything there is to tell about you. But I think the reality is it’s not that. If you sit down and you really work through the statistics and you think what does a correlation of point three means, those claims quickly fall apart. And that’s something any person with a statistical background can go and do.”

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