Game Theory: What is a Minecraft Emerald WORTH?

1 veebr 2020
4 848 602 Vaatamised

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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 ► eeworld.info/chat/pn98ZGV5pWzKtJU/video
The History of Minecraft's Underwater Gods ► eeworld.info/chat/yX2Af3OArYevyqY/video
The Tragic Story of Minecraft's Zombie Pigmen ► eeworld.info/chat/y62FY4eYpaHHxK4/video
Minecraft, STOP Punching Trees! ► eeworld.info/chat/xYGXl5SZnovOw9A/video
The Lost History of Minecraft's Wither ► eeworld.info/chat/zmKCoJlseozJma4/video
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.

Kommentaarid
  • 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.

    MoonL13MoonL137 tundi tagasi
  • 8:00 Good one captions, good one

    Dr. MultitaskerDr. Multitasker15 tundi tagasi
  • 13:46 Villager about to smash.

    King Snax No.1King Snax No.116 tundi tagasi
  • 3:28 oh Lord that's a long bread name

    SAMMYLIA1SAMMYLIA119 tundi tagasi
  • (Co worker): i don't want this job anymore

    amoh ammadv13amoh ammadv1320 tundi tagasi
  • Is it weird I’m also dating a girl name Steffany

    Just Kaden JonesJust Kaden JonesPäev tagasi
  • The bees 🐝 part?

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

    CjorssCjorssPäev tagasi
  • Matpat: You can’t eat them Alex : **Nom**

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

    Emil OstinEmil OstinPäev tagasi
  • BaldPat

    Pakaporn Y.Pakaporn Y.Päev tagasi
  • If ur hungry then ur friend said "bite the dust" will u do it?

    Sean CorlinsSean Corlins3 päeva tagasi
  • Next do a theory on what went wrong in the wandering trader's brain to make him think his trades are good

    Jake RozewiczJake Rozewicz4 päeva tagasi
  • Well I can answer this: 22 Wheat

    Jake RozewiczJake Rozewicz4 päeva tagasi
  • Bababoi

    ZoczZocz4 päeva tagasi
  • 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 NG4 päeva tagasi
  • on my way to sell my minecraft emeralds to get 11 bil

    tubersceptictubersceptic4 päeva tagasi
  • angry mobs arent knocking at our door everynight ... hopefully

    magrosu nrgmagrosu nrg5 päeva tagasi
  • Ez math, theres a trade that seels emerald for diamond, there price Ez. Or... IS it?

    Gabriel TristanGabriel Tristan6 päeva tagasi
  • 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# Brickie6 päeva tagasi
  • Wow

    Omar animatorOmar animator7 päeva tagasi
  • I like this intro more than the others

    ChainSaw 97ChainSaw 977 päeva tagasi
  • Who else think that “carats” sounds like “carrots”

    DemonhoodDemonhood9 päeva tagasi
  • Lapis is blue, redstone is red. For those three emeralds, I'll give you a bread.

    Baff ForFunBaff ForFun9 päeva tagasi
  • Happy anniversary

    Football DonkeyFootball Donkey11 päeva tagasi
  • 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 Khalasi11 päeva tagasi
  • eeworld.info/chat/1o5hq5yHgXS7w7I/video Umm, BLM

    Brendan PittmanBrendan Pittman11 päeva tagasi
  • 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 Evans11 päeva tagasi
  • When your birthstone is emerald... You’re worthless! Correction: I’m worthless! (My birthstone is emerald)

    Just a Random personJust a Random person12 päeva tagasi
  • 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.

    Nickful GuyNickful Guy13 päeva tagasi
  • Mind blown

    Gregory ConverseGregory Converse13 päeva tagasi
  • Im as old as minecraft thats why i like it

    RandomramRandomram13 päeva tagasi
  • No one: My brain: 🥕🥕🥕Carats🥕🥕🥕

    Millie ThrowerMillie Thrower13 päeva tagasi
  • That's some expensive paper. Who knew Villagers wanted rotten meat that much.

    Ishan RoychowdhuryIshan Roychowdhury13 päeva tagasi
  • This is the last time you used your intro.

    Tom is dumTom is dum14 päeva tagasi
  • Emerald are good tho especially for power up beacon and enchanted book

    IK KSIK KS14 päeva tagasi
  • Man 10 dollars is already 500 pesos in the Philippines

    Vincent Eleazar UykiengVincent Eleazar Uykieng14 päeva tagasi
  • 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 114 päeva tagasi
  • but... u didn't calculate it?

    NekochanNekochan14 päeva tagasi
  • eeworld.info/first/57JW11vBEottZYJjWWpeVg

    breeze 01breeze 0114 päeva tagasi
  • 2.5 bobux

    FrostheadFrosthead15 päeva tagasi
  • Mat: 11:54 in Minecraft, everything is done by hand. Mumbo jumbo: *laughs in redstone*

    Evan GustavsonEvan Gustavson15 päeva tagasi
  • 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 norris16 päeva tagasi
  • When you can’t click the vid at the end 🥲

    Dayla and MuffinDayla and Muffin16 päeva tagasi
  • Wow, he didn’t even need a diamond pickaxe to break that Zelda theory

    Owyn AckermanOwyn Ackerman16 päeva tagasi
  • Bro the intro is just wow just wow.

    Tabs Tactical ManagerTabs Tactical Manager16 päeva tagasi
  • 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 gaming16 päeva tagasi
  • 1000000 carrots? that villager got ripped off for selling it for only 22

    im qwertyim qwerty17 päeva tagasi
  • i am not spending emeralds anymore in minecraft

    Parantap GuptaParantap Gupta17 päeva tagasi
  • i just think my villagers are broken since they farm so slow

    Wrong PersonツWrong Personツ18 päeva tagasi
  • 13:45 is that villager getting kidnapped or something

    DestroyerDestroyer18 päeva tagasi
  • These videos hurt my head, but I love them!!!💚

    Hannah MendilloHannah Mendillo18 päeva tagasi
  • *"I T ‘ S C U R R E N C Y I C A N E A T !*

    [•JustAli•][•JustAli•]18 päeva tagasi
  • All chanels game food film and nugget

    Naheed AltafNaheed Altaf18 päeva tagasi
  • 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 Hui19 päeva tagasi
  • I was waiting to see if you would point out the value of time requires and survival

    Tania GreyTania Grey19 päeva tagasi
  • Imagine if it took 5 minutes to take any crops from the ground in Minecraft...

    Random ContentRandom Content19 päeva tagasi
  • 5:30 i can DEFINITELY relate to that

    Josiah StephensJosiah Stephens20 päeva tagasi
  • I love when he says it's "unnecessary" he shows a magikarp on the screen🤣🤣

    XxDarkStarxXXxDarkStarxX20 päeva tagasi
  • XD love how the video starts

    True sonic gamer #1True sonic gamer #120 päeva tagasi
  • Math Teacher : "The test is not hard." The Test:

    Gergő RétváriGergő Rétvári20 päeva tagasi
  • I am going to sing a song

    Blanca MendezBlanca Mendez21 päev tagasi
  • 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 chicken21 päev tagasi
  • Scrooge mic duck: appers Me after watching the "how rich is scrooge" video: that Emerald must be werth more than earths money

    JFlint GAMINGJFlint GAMING21 päev tagasi
  • 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 Costeniuc21 päev tagasi
  • lmao- "Ranging from, 'The worst trade ever made in history,' to 'SHUT UP AND TAKE MY MONEY!!'"

    Beetle the SilkWingBeetle the SilkWing21 päev tagasi
  • MatPat: *TALKS ABOUT EMERALDS* Me: * intense flash backing of Aphmau MyStreeet Emerald Secret *

    RainySunsetSeason_PHRainySunsetSeason_PH21 päev tagasi
  • only thing its used for is mending or looting enchanted book from villagers

    PookiePookie21 päev tagasi
  • 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-Plays22 päeva tagasi
  • You should make a lore about terraria because it has many bosses that have some juicy lore

    J-PlaysJ-Plays22 päeva tagasi
  • or a simple mushroom.

    Heng Shu WeiHeng Shu Wei22 päeva tagasi
  • 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 Paez23 päeva tagasi
  • Normal villager: ITS EXPENSIVE Wandering villager: nah its so cheap

    THE ZANTHE ZAN23 päeva tagasi
  • More vids with dream plz Like if u agree

    ZandedZanded23 päeva tagasi
  • Emerald is not wertless

    Gustavo NeriGustavo Neri23 päeva tagasi
  • Thumbnail : Emeralds are worth 48 cents Me : *At least its WORTH something!*

    Timothy William SahagunTimothy William Sahagun23 päeva tagasi
  • You are overthinking

    lyrical nationlyrical nation24 päeva tagasi
  • frick you matpat

    Aaron YT 1Aaron YT 124 päeva tagasi
  • I'd say roughly 1 emerald

    Harvey BradleyHarvey Bradley24 päeva tagasi
  • That intro was the definition of MatPat.

    AR - 06CC 779513 David Leeder MSAR - 06CC 779513 David Leeder MS25 päeva tagasi
  • 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 gaming26 päeva tagasi
  • You are also looking at paper that was made by hand rather than by automation.

    calknightcalknight26 päeva tagasi
  • 22 carrots of what?

    DrizzleDrizzle26 päeva tagasi
  • 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 Villager26 päeva tagasi
  • This video tastes like pizza rolls

    JOKER IS IN THE MEMEJOKER IS IN THE MEME26 päeva tagasi
  • hmmmm hmhm mmm mhhm mmmmmmh hm mh. (i never did want you to harvest my carrots mat.)

    Marjorie LynchMarjorie Lynch26 päeva tagasi
  • 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 King26 päeva tagasi
  • Also carrots are more rare in minecraft so they are not a few dollars, they are $20.

    Aaron BergAaron Berg26 päeva tagasi
  • 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 Bíro26 päeva tagasi
  • HOW ABOUT REDSTONE FARMS? ITS INDUSTRIAL, NOT BY HAND

    Flavour Cat StudiosFlavour Cat Studios26 päeva tagasi
  • 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 Wilson27 päeva tagasi
  • its in the past, so it worth more

    Golden GamingGolden Gaming27 päeva tagasi
  • Most people: Minecraft is for fun Matpat: *n o*

    Epic mlg SanicEpic mlg Sanic27 päeva tagasi
  • Emeralds are the minecraft equivalent to money in the real world. Neither have inherent value.

    SanguineSanguine27 päeva tagasi
  • Here is my question: how does emerald, the rarest occuring ore in the minecraft overworld, able to be used as a free-flowing currency between villages?

    Matthew KhoMatthew Kho27 päeva tagasi
  • Comunism is the next currency

    Thin MintsThin Mints28 päeva tagasi
    • guess im valuable 😎

      Mr. NotableMr. Notable27 päeva tagasi
  • Watch this part 13:37 for a couple seconds haha

    Mileen CasanovaMileen Casanova28 päeva tagasi
  • How much would a house cost though?

    BenjaminBenjamin29 päeva tagasi
  • So how much is an emerald beacon worth? Then, multiply by six and you can find out what a sextuple emerald beacon is worth.

    Richard matthew StrausRichard matthew Straus29 päeva tagasi
  • oh that makes sense you can hold an inventory of those but you do barely any damage to monsters??

    Salvaged RubySalvaged RubyМісяць tagasi
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