The Paradox of Choice

Tamarin

[ame="http://www.youtube.com/watch?v=VO6XEQIsCoM"]Barry Schwartz: The paradox of choice - YouTube[/ame]

I wanted to start a discussion on this topic and how it relates to DOTA 2. The basic premise is that more choice is good to a point - but then when it reaches some point of over saturation it begins to work negatively.

I can see on the DOTA 2 price check how quickly the items in DOTA 2 devalue. I wonder if there was a limited number of items available or limited time that they were available - if it would create a healthier market. The limited number of Alpine Stalker is a good example.

The market could additionally have an ebay-like used market where Steam could collect a profit on resale items - rather than straight trades.

Let me know what you think.

Zipfinator

Tamarin wrote: »

The market could additionally have an ebay-like used market where Steam could collect a profit on resale items - rather than straight trades.

Let me know what you think.

There already is a market where players can sell items they don't want for money in their steam wallet and Valve does collect a small profit on each sale on it. Go to Community and select Market.

Goeddy

well its rather easy. the "problem" is the dropsystem.
when an item launches noone has the item, so it can only be attained by bying it.
but over time the item will drop, and it will most likely drop for people who don´t want it, so they will trade it with their friends or in tradegroups.
so the value of the item will drop because there are more available in the market (not the regular steam market though, cause u can´t trade drop-items for money).

this problem should solve itself over time with the number of published items rising.

for example a couple of items dropped twice for me, because i play dota since the closed beta, and when there where fewer items available a lot of people got items multiple times if the played fairly often.
so theese early items are worth 2 cents in the market now, but the more items there are the lower their individual drop-chance will be and the supply will become more limited, so in the forseeable future even those early items will probably rise in value again.

gilzzzzz

And another video on the paradox of choice. https://www.youtube.com/watch?v=F4QzhSlqmqg

For me right now is to choose between https://casinobonusesfinder.com/bonuses/20-free-spins-wintika-casino-2 and doing my math courses' home-task))