Game Theory: What is a Minecraft Emerald WORTH?

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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
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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/...
www.singhalinternational.com/t...
minecraft.gamepedia.com/Tradi...
www.econlib.org/library/Enc/G...
“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.

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31 янв 2020

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Комментарии : 11 тыс.

@cdiking7026 4 года назад

Cut the farmers some slack, it’s hard to pick carrots without hands.

@Spaceman-wx1jn 4 года назад

Yes the poor farmers. They only have a long arm-like limb attached from both sides of his chest. It's a hard life for a Villager

@lilschom8070 4 года назад

How else are they supposed to defend themselves?

@jovanihicks3036 4 года назад

I forgot about that

@PyroLuigiOG 4 года назад

That's so sad can we get an F in the chat (minecraft chat)

@prince-of-water 4 года назад

*M* *Y* *B* *O* *Y*

@spartanthingy7326 4 года назад

Honestly I always thought that villagers mined all the emeralds everywhere and that's why their so few of em in caves and why villagers have a ton of em and will basicly give em out for free

@theoutsiderjess4869 4 года назад

That would make emerald worthless indeed

@peterparkersashes6253 4 года назад

Juan Pineda so they basically have a monopoly on emeralds

@spartanthingy7326 4 года назад

@@peterparkersashes6253 basicly

@sentrydraws25 4 года назад

Seems accurate

@spartanthingy7326 4 года назад

@@fletcher2421 mine shafts

@gastech8311 3 года назад

Elon Musk: goes bankrupt “How did it happen” Elon Musk: bought a bell from a villager

@dogeo1719 3 года назад

lol

@generaljuice5379 2 года назад

I just steal them

@mathewjose4753 2 года назад

@@generaljuice5379 Look at you, a thief! Didn't your parents teach you that stealing is wrong? Learn from me, I just take them, not steal them.

@generaljuice5379 2 года назад

@@mathewjose4753 yes yes yes... Wise words my man

@breawen 2 года назад

@@mathewjose4753 eww you take bells? that's disgusting. i borrow them. forever... without permission.

@robowyatt398 Год назад

I just thought of a few things, you have to consider that those prices are specialized for those specific jobs, that's why some rotten flesh will even get you an emerald in the first place, because its coming from the cleric, in order for it to be truly accurate you'd have to find a trade that almost all villagers have. and now that I think about it the emerald is very close to real world gold, its shiny, its rare, its dense, and its not that useful anywhere else.

@greenentity6846 Год назад

bingo

@stealthboy316 4 года назад

Steve: can I get the stew? Villager: this little maneuver is gonna cost us 51 years.

@slevinchannel7589 4 года назад

Sadly, we will likely never know. Whatever the Minecraft-Theory is, i can't stop being aware that, of all Franchises, this is the One that Denies all these Theorys, you could say. They make the lame Excuse that it's our duty to make up Lore for this world, and that's just extremly Sad to me Minecraft Theorys are the most likely of all Theorys ever to not be True and just be a Waste of Time, because Mojang Refuses to think up any Kind of Lore... Sad... It's the One Franchise all Theorys about are Useless, if you get what i mean. I wished Mojang finally changes that! And by the way, also Nintendo regarding Super Mario!! They should reveal actual Lore, so that we at least know where we are and what the Most Basic Common Sense is!

@Rostof_TheGreat 4 года назад

@@slevinchannel7589 you're overthinking it, Minecraft is a game about creativity and imagination, not story

@slevinchannel7589 4 года назад

@@Rostof_TheGreat Yes. It's still lazy though of the Creators. And it's still sad.

@AndyHappyGuy 4 года назад

@@slevinchannel7589 maybe there is no official story at all. It's _our_ story, we make _our own_ story.

@slevinchannel7589 4 года назад

@@AndyHappyGuy Yes, that's the lame Excuse Mojang uses. Hytale meanwhile? Not.

@rebeccab4604 4 года назад

Matpat: Paper is like what? 2 cents? Artists: I wish Matpat, I wish.

@zakarymoninger7845 4 года назад

@Luke Crain good paper can be like $12 for an appropriately sized sheet. Probably more for really high-end stuff, idk.

@chocchip4172 4 года назад

@@zakarymoninger7845 what in the fricc is "high end paper"... it sounds like "high end water" to me Edit: Aight, apparently its paper that would be good to do neat stuff like paint on, cool.

@jerotoro2021 4 года назад

Yeah, Minecraft has no large scale forestry, no huge pulp Mills shredding trees 24/7, no massive factories shaping pulp into millions of sheets of paper every minute... Each sheet is hand crafted from tree to sheet. Guaranteed it's worth more than 2 cents. Matpat isn't factoring in supply, demand, cost of production, etc.

@omdano6432 4 года назад

@@chocchip4172 paper that doesnt bleed and is thick and size is big

@jerotoro2021 4 года назад

@JoybuzzahzTV ......yes of course. I knew this. lol. ALTHOUGH! Pretty sure the reason why is because the sugar cane was supposed to double as papyrus, and so it's not paper in the modern sense, but papyrus sheets. And a quick Google search tells me that I can buy 10 sheets of 8"x12" papyrus for USD $20. $2 per sheet, way more than 2 cents!

@AsymmetricalAce 3 года назад

"Angry mobs aren't knocking on your door every night" 2020: allow me to introduce myself

@MishaG4mer 2 года назад

I've read that PERFECTLY as the video said that, lmao

@w1nterdays 3 года назад

“You can’t eat them.” Abigail from Stardew Valley would like to challenge that

@coolchannelhehehe 3 года назад

"how'd you know i was hungry? this looks great!"

@feli_potter8561 3 года назад

@@coolchannelhehehe me who was doing a marry abigail run knows that she eats quartz, emeralds, diamonds except amethysts for some reason

@blokvader8283 Год назад

@@feli_potter8561 Me being really confused when I heard she liked shiny rocks, but hated my amethyst even though I thought "they're both purple, she should like it"

@feli_potter8561 Год назад

@@blokvader8283 i made that comment a year ago

@blokvader8283 Год назад

@@feli_potter8561 I just found the comment now, got excited that it said stardew valley, wanted to reply to something, sorry

@papayadoodlez9994 4 года назад

Sonic: THIS EMERALD CAN SAVE THE WORLD!! villager: how about a piece of bread...

@MrDankTM 4 года назад

hello panda. btw joe

@dulce6711 4 года назад

Yaya panda & Baby Cakey true

@setseretze3565 4 года назад

why not 300 emeralds

@dolanduck3041 4 года назад

*THE NEGOTIATOR*

@JG-js9ww 4 года назад

Villager:you want grass?

@nixian_zwaylus 4 года назад

am i the only one feeling like there was a missed joke opportunity about gems being measured in carrats (carrots)?

@pixel7649 4 года назад

Nice one there... Now im hungry...

@kamikazedollxo 4 года назад

Why, *why’d you give them the idea?*

@zealiketea 4 года назад

I thought it WAS a joke for a bit

@logan6211 4 года назад

He already did it in the one episode about a diamonds true value, where he ruled that a full suit of diamond armor was worth a few million dollars, I think. Jenne sais pas.

@jack_mackay 4 года назад

Did that for the diamond video

@Averysoysauce 3 года назад

Matpat: *drops sticks on table in jewlery store* , I WANT AN EMERALD NECLACE PLZ Clerk: umm, sir. Please pay actual USA currency. Matpat: mmmm, no. 32 sticks is worth an emerald.

@Small_Brian Год назад

lol

@samuellopez479 Год назад

Ah ah! Using the thread, additional metals, and linking piece, you require more than 32 sticks

@neonlights_4074 3 года назад

Steve: *Most powerful being* Wooden door: I cant stop you, but he can. W O O D E N F E N C E

@bigmanimation 3 года назад

Haha

@nothingjustnothing7900 2 года назад

Also Steve: Placed carpet on the wooden fences

@Nightmare_Developer 2 года назад

beacon : allow me to introduce myself :)

@Vekcrazah 4 года назад

everyone: ‘emeralds are worthless’ me, saving them up for mending books: ...

@Kindelwyrm2 4 года назад

Ooooh, I should probably do that for my Elytra. :|

@Headhunter1234256 4 года назад

@@Kindelwyrm2 probably, but enchanted with unbracking 3 you can fly and get around with ender pearls for like 6 before it gets low on durability.

@rickwaver213 4 года назад

not just mending books. if you cure a weaponsmith,toolsmith and a armorsmith, you can basically transform 1 iron, 9 coal and 1 diamond into a piece of diamond gear. even rotten flesh can be transformed into a diamond set for cheap

@alex_2928 4 года назад

Ooh that's smart

@rickwaver213 4 года назад

@A Person or if you find a zombie spawner at the beginning you can have infinite emeralds. iron farms are better for emeralds tho

@yodude2016 4 года назад

*steals villagers crops and sells it back to him* Me: Stupid villagers Villager: Hmm (I just made him do 6,5 hours of labor for a green rock)

@arstotzkanplaguedoctor 4 года назад

yep

@lifeisstrange3918 4 года назад

(*ಠ_ಠ)つ

@pudimjogando1198 4 года назад

STONKS

@firebolt6204 4 года назад

He just finessed the crap outta you

@lesserevil8136 4 года назад

I just gave an emerald for 6 book shelves, and traded 18 books for 3 emeralds. Stonks. Stupid Villigers. Villager: READS ↗️

@BaggyGoose Год назад

My theory (more guess)s that, due to the wide range in prices, the villagers have a culture where it's normal, if not expected, to haggle prices of items.

@Memezndreamz 2 года назад

1:50 the baseline price also matters if the villager has been resurrected from a zombie which gives permanent discounts or if the villager has survived through a won pillaged raid which gives temporary discounts. The discount is only as high as the chief bounty is on your head before entering a village. The villager resurrection stacks which means you can let a zombie on hard kill a villager like five times, resurrect them, and now you have 1 emerald per trade. This too stacks with raids

@projekttaku1 2 года назад

I know. I done it and its so broken.

@papyrusthecool8321 4 года назад

MatPat at 11:54: Everything is done by hand. Mumbo Jumbo and Iskall: Allow us to introduce ourselves.

@RikuMcduck 4 года назад

Cool dude

@kanyevil127 4 года назад

No I am cool dude

@tnsteve7386 4 года назад

Who is iskall?

@kanyevil127 4 года назад

@TNsTeve A very skilled Minecraft player

@lordhobo9048 4 года назад

@@tnsteve7386 redstone experts also a channel

@Komatic5 4 года назад

Everyone: Emeralds are worthless Me, having a villager trading system for enchanted books:

@dontmindme7645 4 года назад

Gotta get those mending books

@FivenightsatRays 4 года назад

LOL

@stevencancio-newton6612 4 года назад

No need to flex

@Dinosaurianationazation 4 года назад

In real life yes, in Minecraft no

@shay.w.5812 4 года назад

@@Dinosaurianationazation Same, I've trained people living in rural areas to give me voodoo books.

@madisonatteberry9720 2 года назад

"these things are called 'precious gem stones' for a reason." Except, like with diamonds and gold in this game, it seems to be almost freaking everywhere, and with the ancient builders that may have mined them previously, may have actually been devalued.

@zonbiimusic4750 Год назад

Steve: spends literal gemstones on a world atlas Cartagropher: you have to draw it yourself

@trinityfranklin8356 4 года назад

Why doesn't RU-vid ask us about satisfaction AFTER we get done watching the video?

@sashalianski7566 4 года назад

I know it feels good, for a person to answer ur comment so... hi

@MrDankTM 4 года назад

hello franklin. btw diesel patches is daddy

@trinityfranklin8356 4 года назад

@@sashalianski7566 😃👍

@tvangelist 4 года назад

@@sashalianski7566 hey dad

@MJWITHER 4 года назад

Like/dislike is simpler

@pingufan1239 4 года назад

11:54 Matt: “Everything in Minecraft is done by hand” Mumbo with his auto farms: “Allow me to introduce myself”

@cakecheese2895 4 года назад

Villagers who don't have hands:

@cooperolson8250 4 года назад

Bruh

@redonedanc 4 года назад

Why do Americans say liter ly and not litrely?

@kanal2123a 4 года назад

Why is he so popular for autofarms and redstone stuff in general? Scicraft members and Ethoslab are a lot better at doing redstone... Etho is pioneer, he even has clocks and "gates" named after him... He created sorting and storage system "Nexus" and massive portable storage... Mumbo is good too, he's just overrated :/

@dorijancirkveni 4 года назад

@@kanal2123a I guess because he's more of a redstone science popularizer than a redstone scientist?

@omniverse7976 Год назад

The fact that we don’t know emeralds are actually valuable in Minecraft also relates to many ancient civilizations. You’d trade 2 sheep for 5 bread loaves. In fact, in Ancient Egypt, silver and gold pieces, probably about the size of a quarter or nickel, were used as currency. A nickel made of gold would be worth a fair amount. Not I giant amount but a fair amount today, back then though, it wasn’t.

@omgnelonr1631 Год назад

I love how it went from "How much is a Minecraft Emerald Worth?" to the basics of economy being explained.

@zocz9072 4 года назад

“I wonder what the currency is like in the future” Me: *laughs in toilet paper*

@abbyyoung2610 4 года назад

Zocz and apparently beer now that the US closed all sales of alcohol

@a_name1 4 года назад

I have 12 rolls of tp I am god

@CoronaVirus-kd9gv 4 года назад

lol

@abbyyoung2610 4 года назад

Alfie Hamadani woah dude.... woah you can’t display such power these days. People will find you and take it.

@shamrockgamer401 4 года назад

@@a_name1 DUDE I have 50 rolls beat that

@crossisbig6868 4 года назад

7:35 Can we just talk about how he straight up mined an emerald with a stone pickaxe probably to tick us off

@royalknight2808 4 года назад

Not ony did he do it once, BUT TWICE?!?!?!

@CxffeeBean 4 года назад

It's funny cuz it broke in the animation and didn't pop up as a smaller floating emerald

@ChanceRhodes 4 года назад

Realistically, it's because we see the stone pickaxe graphic in previous shots so it was probably because he just had it handy... BUT I do like to think he's just being a little troll

@ashdeem913 4 года назад

and it also made the sound of gravel breaking

@toastybutondifferentacc5775 3 года назад

At the same time tho, you only need like 3 pieces of paper to write an infinite amount of pages on a book, so emeralds can count as an infinite amount of money

@pixtane7427 6 месяцев назад

This is gameplay and also not infinite pages. There is a cap at 50-100 pages

@XSniper74184 2 года назад

I remember when that diamond armour episode came out. To this day whenever I or someone else says, "but I digress," or any similar phrase involving, "digress," I always say, "and I sidequest!" I never knew the guy. I'd only ever just seen his videos but it's still sad that he's dead. Rest in peace Ronnie.

@Unorite 4 года назад

Emeralds in vanilla Minecraft: _weak_ Emeralds in modded Minecraft: *STRONK*

@debbiedinnoo8992 4 года назад

69th like Nice

@nakaithewanderer8071 4 года назад

Emeralds in modded minecraft: *stonky stronky*

@oldassaccount4790 4 года назад

Stonks

@creater20225 4 года назад

tinkers construck uses a emerald32 string and 4 gold ingots to make the tools have silk touch.

@aromorguythefirst1600 4 года назад

Villagers when they receive emeralds: *STONK*

@Fetchinator7 4 года назад

4:40 “The villager isn’t just paying an emerald for the carrots, he’s paying you an emerald for the carrots plus the labor costs it took to pull them out of the ground” Yes... labor that I totally did... It’s not like it was your enslaved friends and family doing all the harvesting only to have me steal the crops before they could share them amongst each other. What kind of sick monster would do that?

@fouryou2887 4 года назад

*laughs in sith lord*

@goodman5993 4 года назад

Laughs in automation

@rowangamblin 4 года назад

LAUGHS IN MONSTER

@Shadowdx-py2ni 4 года назад

I would

@masync183 4 года назад

cackles in capitalism

@ShizuruNakatsu Год назад

The emeralds are definitely cut. Their cut is called "emerald" cut. They come out of the ground cut already in the game, but look up gem cuts and you'll see. You could also argue it's the "octagon" cut, but it's more elongated vertically so it looks more like an emerald cut, which I assume they were going for, considering it's an emerald.

@tiralu 3 года назад

"They farm way slower than you do" my ultra high end villiger powered carrot farm tells me a different story LUL

@drmem9514 4 года назад

Matpat: Villagers can’t defend themselves Nurm: *Sad Villager noises*

@wjcplastersolution 4 года назад

Wait from Minecraft story mode? Sorry I haven't seen the game in a while

@jennyzhao9271 4 года назад

Wow why is this so specific

@wjcplastersolution 4 года назад

@@jennyzhao9271 ¯\_(ツ)_/¯

@BasicallyRANDOMYT 4 года назад

Yes

@wjcplastersolution 4 года назад

@@BasicallyRANDOMYT Oh ok

@alostduckling5024 4 года назад

Mat Pat: frustrated at someone who’s “having trouble” playing a video game, “you know ur good at” Screen: shows mark on fnaf SHOTS FIRED MY FRIENDS

@tiffanykun8144 4 года назад

*THE KING OF FNAF*

@RandomPerson56086 4 года назад

Yeah, I died laughing 😂

@MrDankTM 4 года назад

hello christopher. btw diesel patches is daddy

@jackj7877 2 года назад

"In Minecraft, everything Is done by hand" *Laughs In Redstone*

@connor_awesome6482 Месяц назад

14:21 i love the magikarp popping up when he said useless

@GogiRegion 4 года назад

I like to imagine that extreme emerald mining caused the supply to be so large that it devalued the currency, so now it’s a common item that people use like a coin.

@BriiIndica 4 года назад

Alexis Harper which would explain why their so hard to find

@kittykittykitty7682 4 года назад

@@BriiIndica And presumably mining into a mountain (or extreme hills in earlier versions) is too difficult for villagers, which is why they're only found there now. But that's etc.

@MrDankTM 4 года назад

hi alexis. btw joe

@user-nz3qm3rb8v 4 года назад

ref.sharecash.co/yahia best way to make money

@defaultdan7923 4 года назад

JODisHere mama

@Sirzacharia 4 года назад

10:50 “Am I just wrong about this theory? Well no” nice job matpatting yourself on the back there.

@AlmondGlue 4 года назад

You put the time stamp at the very end of that. Also, he didn’t ask if he was wrong about the theory, he asked about the calculation.

@FerventSpy66834 4 года назад

Almondglue r/whoooosh

@pogfection787 4 года назад

@@FerventSpy66834 Its not a woooosh, there was a legit mistake.

@AlmondGlue 4 года назад

The Cat Show 66834 r/ihavereddit

@lindor2948 4 года назад

@@FerventSpy66834 r/woooosh dumbass and that's not a woosh

@appletree3541 2 года назад

7:42 An arm a leg and a child For that you could learn the secrets of alchemy and make your own emeralds In Full metal alchemist the Elric brothers try to revivr their mother but one of them loses and arm and a leg and the younger brother loses his whole body but they get knowledge from an alchemy god and learn how to do alchemy without transmutation circles In case someone didn't get it. Correct any inaccuracies it has been 1 year and a half since my last rewatch

@bate_ate7182 2 года назад

7:50, Steph asks if Mat has seen Ollie, but then where did he get the arm and the leg? His limbs are attached to his body and same goes for steph :|

@Merlin_Ambrosius_1100 2 года назад

Didn’t say it was THEIR arm and leg

@howtoplaygameswrong8719 4 года назад

Matpat: you can't eat emeralds Me: *Is that a challenge*

@TheKnightCrafter123 4 года назад

Do it! 🤣 buy a single real emerald gemstone which worth a fortune than eat it. Yum that sweet sweet sensation of eating money

@ironscorpion5131 4 года назад

*Shaggy has entered the chat*

@jrcspiderman2003 4 года назад

@@ironscorpion5131 😂🤣😂

@zacharyherring8780 4 года назад

Yes That is a challenge

@moomoomachines7193 4 года назад

You could also make the argument that emeralds in their world were so abundant and common that it could be used as a common currency. Lobsters back in the early 1700s were super plentiful and considered prison food. People thought it was the poor mans food. But now that the lobsters are rare, they become super expensive.

@hououinkyouma6629 4 года назад

Emeralds *are* not! common in the Minecraft world, atleast to the player.. Idk how villagers got so much emeralds (Need a villager conspiracy video)

@moomoomachines7193 4 года назад

Hououin kyouma They could be very common because the villagers could have mined all of the emeralds out of the ore. Just because there are no emeralds in mines doesn’t mean there are little emeralds in circulation of the villagers.

@SapioiT 4 года назад

@@moomoomachines7193 Considering the theory of Minecraft being set in a posy-apocalyptic world, and how players have different capabilities than the villagers, it could be possible for the villages to literally poop emeralds, and to maybe use them for something which the players cannot use them for. But we don't know what, yet. Maybe reproduction. I mean, villagers need to eat before making a baby villager, so theoretically they could be used for spawning creatures. And we just need a way to make spawn eggs using diamonds, or to acquire spawn eggs through trading, to confirm that.

@hououinkyouma6629 4 года назад

@@SapioiT who knows... Maybe the villagers first gathered emeralds and then turned them into some sort of emerald generator or they might somehow infused themselves with emerald (don't ask me the details) or.. they really do know some sort of secret crafting recipe which is also easy to gather and craft

@aljon5947 4 года назад

They painted crystals with green dye.

@Liyaskoo 2 года назад

Matpat: Everything by hand. Mumbo Jumbo: What did you sayyyyyy.

@RetroVibin 2 года назад

This video has taught me more than my economy class has.

@axfinity9134 4 года назад

1st half of this video: How much does an emerald cost? 2nd half of this video: The tragic lives of villagers

@leptoad2145 4 года назад

He really goes on a tangent

@MrDankTM 4 года назад

hello Ax. btw super bowl 2020 is boring

@BLZPHR 4 года назад

JODisHere wtf is your problem? Get outta here

@1ronic127 4 года назад

"Mommy, can we have rabbit stew tonight?" "Nah sweetie, just give me a year or two"

@1ronic127 4 года назад

@Ian Li from the cleric

@DockingFreidmanRecords 4 года назад

Villager family struggle.

@1ronic127 4 года назад

@tutacat Matpat has theorized that the minecraft earth is round. Most obvious is that minecraft has gravity.

@houselemuellan8756 3 года назад

@@1ronic127 but clearly not the same gravity as in our universe.

@jackchoukaier8764 2 года назад

In economics, giving something value because it has use, beauty, etc… is call intrinsic/extrinsic value. Dollars and other modern currencies called “fiat” currency (Fiat being Latin for “let it be done”) has no such value itself, the only thing giving it value is because it is considered legal tender in its currency zone. In fact, fiat is defined by having no value (as in you can’t eat it or ride it.) Maybe the emerald is the fiat currency of villagers, its price changing from village to village.

@noppornwongrassamee8941 2 года назад

More like villager to villager. I can't count how many times I came across two villagers in THE SAME VILLAGE selling/buying the same items for completely different prices. Like Villager 1 willing to buy 30 paper for 1 emerald and Villager 2 only wants 22 paper for 1 emeralds.

@bigfred5012 3 года назад

14:43 kinda random but i used to walk that same bridge every day to get to high school

@lightblazex4756 3 года назад

The real item worth a lot of money here is the lava that can be used like real life crude oil. And we have a whole dimension filled with it.

@nibs7252 3 года назад

The Nether is Minecraft's Middle East, confirmed!

@Sacabambapis_ 3 года назад

Yes

@titanicsam19 3 года назад

Tekkit intensifies

@nategamer9184 3 года назад

@@nibs7252 ye

@colecochrane8164 3 года назад

I always like this idea and do this in my SMP. It is very funny because at one point we had to have a war over the remaining fuel

@TheRealMisterSteve 4 года назад

Me: So how much is a Minecraft emerald? Mat Pat: Yes

@MrDankTM 4 года назад

hello Dimond. btw joe

@latamalera6888 4 года назад

Who is Joe

@deathrayman8074 4 года назад

@@latamalera6888 Now, as you can see, you've fallen right into my trap!

@battleax6364 2 года назад

9:10 The fact that he said that and now we can actually play as Minecraft Steve in smash brothers ultimate is crazy

@deconstructor3582 2 года назад

You didn't mention another problem which currency in Minecraft has - no additional means of payment. In the USA, as you said, you can pay either by dollars or cents, which allows us to measure a commodity's value more adequately. Since there is no such thing as a cent, there is a problem with the adequate measurement of a commodity's value. This problem, in real life, was present mostly in the medieval ages and renaissance and was dealt with by adding secondary currency to pay, or by dividing real coins into pieces. Since it isn't an option in Minecraft, this is hard to tell what's the value of the commodity in the game, because there isn't a currency of less value than a singular emerald.

@ancientburrito9893 3 года назад

SPOILER: One Emerald is approximately one Emerald.

@gramram3062 3 года назад

OMG!

@gramram3062 3 года назад

I never knew tha..... of course i knew that

@RomandoPWE 3 года назад

YOO YOU’RE SO SMART

@sajeucettefoistunevaspasme 3 года назад

After search One emerald+-10^-23=one emerald

@BlockheadBlocks 3 года назад

>:0 How dare spoil

@IHateCopperGolems 3 года назад

Next do a theory on what went wrong in the wandering trader's brain to make him think his trades are good

@Squidkid3333 3 года назад

Agreed

@crypt5129 3 года назад

Idk, sometimes he’s useful

@Squidkid3333 3 года назад

@@crypt5129 Its a 3 percent (not really) that he has something useful

@crypt5129 3 года назад

@@Squidkid3333 I am an extremely lazy player, so I look forward to the wandering trader visiting my base. I can buy lily pads instead of walking to the swamp right next to me

@Squidkid3333 3 года назад

@@crypt5129 true, lilypads are pretty good

@lauren3173 3 года назад

11:51 Excuse me, we’re called bakers! 😂

@danielmcbride6413 Год назад

I really enjoyed this video! I liked how it took a nuanced approach that that really does explain the apparent value disparity between items traded by villagers for emeralds. It made me think about it in a way I haven’t thought about it before. It also made me think about rotten flesh. I think paying one emerald for rotten flesh is basically the equivalent of being a Minecraft bounty Hunter. Think about it! The enemy that poses the greatest threat to villagers(aside from players) is the zombie. The difference is, some players don’t hurt villagers, but zombies indiscriminately kill them all and turn them into the undead. The villager is likely willing to pay you a day’s wages for 24 pieces of rotten flesh not because they value the rotten flesh, but because the assumption is that you killed zombies in the surrounding area, thus making it vastly safer for the villagers. It’s actually really brilliant game design when you think about it like that.

@xT0rn_ 4 года назад

“It was frustrating- just like watching someone struggling through a game you’re very good at.” *shows markiplier struggling in fnaf*

@SuperMaanas 4 года назад

xT0rn_ It’s because Mat is a FNAF theory expert while Mark isn’t. So, from a certain point of view, Mat’s really good at the game

@Kitsunelover1995 4 года назад

@@SuperMaanas and markiplier made a reference to game theory in fnaf 3 its in the compilation

@jordanpaul492 4 года назад

thanks for explaining a scene word for word

@slevinchannel7589 4 года назад

14:06: Buddy, you never lived in Alabama, didnt you?

@memeboi2096 4 года назад

Yeah whenever I see someone play farcry5 who is new to the farcry series I have finished the game like 4 or 5 times

@shortyboio 4 года назад

Villagers talking about Steve: He protecc He attacc but most importantly he sell us sticc bacc

@MrDankTM 4 года назад

hi short. btw joe

@MuffinHawk 4 года назад

JODisHere bro why you keep doing that everywhere

@user-nz3qm3rb8v 4 года назад

best way to make money ref.sharecash.co/yahia

@cherripai7645 4 года назад

@@user-nz3qm3rb8v no

@finalcartoon1044 4 года назад

@@user-nz3qm3rb8v best way to make money: get a job

@Pokemonmasterz 3 года назад

10:13 so let me get this straight, if this was the actual pricing, I have about 100s of millions of dollars just laying around in a chest I have

@GTDzak 9 месяцев назад

I find it funny how after all this in 15 minutes and five seconds, he didn’t ever actually accomplish anything. He didn’t really find out the value of a emerald in Minecraft.

@N2O_The1000thElement 4 года назад

When a villager pay you a rock for 6.5 hours of labor Villager: Stonk

@WHATaOG 4 года назад

@Teroshki lol

@adriennekaio4980 4 года назад

MatPat: _does economical study on Minecraft villagers_ Internet: *_You have earned our respect._*

@inotna5237 2 года назад

The thing I love about game theory’s intro is that it isn’t cringy

@capesword111 3 года назад

The idea of money in a simplified system like this is in fact to use something pretty but useless for trade. Gold was a currency because it had prestige but nothing else. Perhaps emeralds are prestige in Minecraft.

@Wincognit0 4 года назад

13:17 just realised that”s my profile picture.. Edit: how did I get 1K likes in a single check. Also the last time I checked I had 1K now I have 1.1K.. this comment is... OUTTA THIS WORLD!! :D *pun intended* Anyway thanks guys

@katievoss1681 4 года назад

Space Life: coincidence I think NOT!

@user-yw3ic8qc1h 4 года назад

Space Life lol

@enchantedorange3141 4 года назад

Lol

@esthermontalvo3467 4 года назад

"Begun the clone wars has"

@noxlupa2996 4 года назад

Space Life ayyyyy

@ecw613 4 года назад

"In Minecraft, everything is done by hand." *Laughs in Redstone*

@sirwaddlesdeethird7186 4 года назад

*Laughs in COMMAND BLOCKS*

@kyudeathsbr3138 4 года назад

@@sirwaddlesdeethird7186 Laughs in *JSON , OPENGL , JAVA AND C++*

@owend0818 4 года назад

KyuDeathsBR *laughs in telekinesis*

@ecw613 4 года назад

@@kyudeathsbr3138 *Laughs in Mumbo Jumbo*

@sirwaddlesdeethird7186 4 года назад

@@owend0818 Minecraft has telekinesis? What mod I want to try!

@brandonbombplays9304 2 года назад

14:20 “It’s unnecessary.” *shows magikarp* You killed me with that one.

@itsjustaviper 4 месяца назад

I did the math and going based off of gold blocks, Each gold ingot costs approximately $141,298,970.37. Going off of the cleric trade of 3 gold ingots per emerald, one emerald is worth approximately $423,896,910.90 without buffs or debuffs. This is assuming the gold is pure 24K , if the gold is super low quality, ill use 9K gold as an example, 3 gold ingots or 1 emerald is worth about $158,961,341.59

@clumsiiconfidant5780 4 года назад

Steph: Hey, where’s Ollie? Mat pat: **Clueless seeming whistling**

@spookysomeone 4 года назад

i saw ollie and, forgetting they had a child, went "im here"

@kingthordan2562 4 года назад

'Honey, have you seen the baby?' 'No, I think he got outside' ... *Unzips Dad disguise* ' *you FOOL* '

@Jireninyourrecommendations 4 года назад

Calculating the price for an Emerald is as equivalent as calculating Reddit Karma. They're both all over the place

@randomshyte9989 4 года назад

And they both dont matter

@narayananmohan8114 4 года назад

Dont encourage him... He'll DO the calculation somehow. XD

@Stefanga44 4 года назад

Wait here are 3 replies but on my screen before i click on the comment there stands one command

@user-ng7sz9bi2i 6 месяцев назад

i love that the subtitles at 7:58 is "MatPat is thinking about every decision in his entire life...and whistling"

@maxifire32 2 года назад

Fun fact: in a world with no extreme hills and villagers emeralds are infinite times more rare than normal, this also applies to super flat world with no villagers

@dDeckon 4 года назад

Matpat: 7:42 Steph: "Have you seen Ollie?" Gamora: what did it cost? Matpat: Idk, You Tell Me

@MrDankTM 4 года назад

hello matpat. btw diesel patches is daddy

@westvirginiastatepolice8873 4 года назад

dDeckon ur wasting ur time

@fouryou2887 4 года назад

If you spam one more time say goodbye.

@dDeckon 4 года назад

?What are you talking about? I typed this comment myself? Are ppl copy & pasting it????? Why? i'm confused

@westvirginiastatepolice8873 4 года назад

dDeckon I wasn’t talking about u

@serenityordonez7990 4 года назад

13:47 Villager:*Slips under the door* *SNEAK 100*

@LeoMarciana 4 года назад

*mission impossible theme starts playing*

@EHc0325 4 года назад

*Flat Stanley has entered the chat*

@hamz5791 4 года назад

13:46*

@agentbowlingball6993 4 года назад

Sorry stole your comment, my bad.

@neokolder472 Год назад

Would be cool to see some Terraria theories. Even with well known lore there are a lot of things that can be theorized

@petercarioscia9189 Год назад

I know I'm late on this, but you're using the price of mass produced printer paper. Actually vellum, hand crafted artistical paper; small batch, high quality paper can range in price from a few dollars to $30 a sheet. Or more.

@CptRussiaXD 4 года назад

Emeralds exist Minecraft villagers: *_MINE MINE MINE MINE_*

@josiaheason669 4 года назад

I wonder why they want them

@matthewmichaelmoniz8490 4 года назад

CptRussia They are the same spices as the pigeons in finding nemo

@shanequinn7409 4 года назад

Is that what there saying

@hoclok4121 4 года назад

YES YES YES *YES*

@Nasurisu 4 года назад

Cause baby toniiiight

@aspenator4091 4 года назад

Baby villiger: I dont wanna eat rabbit stew!!! Villager: Jonathon, this took me 8 hours for these 2 bowls of stew so eat it

@Ir1sss_ 3 года назад

Lmao

@Ir1sss_ 3 года назад

I would love to have rabbit stew

@jessepapi7927 3 года назад

@@Ir1sss_ Same. Never had it but it sounds delicious!

@reuzdanielle4095 3 года назад

Lol

@MrAzat-vi6qf 3 года назад

You ungrateful little shi-

@anthonyj.adventures9736 Год назад

This math reminds me of the duck tails vault. Different measurement all plausible all mind melting. Love it.

@emilyyoung2485 Год назад

Fun fact: the thing wrong with this theory is that mat pat compares the cost of stuff in their world to the cost of stuff in ours. Paper for example is made by in bulk by machines here, but in Minecraft it seems to be more handmade, increasing the value

@mattew5814 3 года назад

Stephanie: where's Ollie? MatPat: I was a businessman, doing business

@nanochad2979 3 года назад

lol

@lizardthedragon 2 года назад

That profile just says it all, man.

@TheUnderscore_ 2 года назад

@@lizardthedragon It's pure beauty.

@darckense1 2 года назад

Yeah, this is big stonks time

@CheesBoi 2 года назад

Bus i ness man

@Gnerf 4 года назад

Me: finds 11 emeralds that took days to find Villager: The best I can do is 2 dirt blocks

@monhunterz5430 4 года назад

What villager sells dirt blocks?

@lordofshades9852 4 года назад

@@monhunterz5430 pre villager update

@letmeeducateyou2127 4 года назад

Gnerf 3. Take it or leave it.

@Gnerf 4 года назад

@@letmeeducateyou2127 lol

@the_Ikar 2 года назад

11:54 "But in minecraft everything is done by hand" *Laughs in automatic farms*

@deathc0ntent 2 года назад

the funny thing is that if you infect and cure a villager they just sell you diamond armor for 1 emerald, so perhaps you can tell what the price of an emerald using that method

@hydrogenbomber3267 4 года назад

One simple answer: Inflation Have you noticed how emeralds became even rarer than diamonds? Yes, you heard it right. Those Villagers have mined so much emeralds, so much that there are barely any left in this world. Since they had so many emeralds in hand, emeralds eventually became worthless to them. Try and trade with a villager for 1 day, or 1 week, or 1 month; the villager can keep restocking but they can never run out of emeralds. Since Villagers can't build anything fancy or shiny with those emeralds, they don't even bother crafting emerald blocks anymore. All those emeralds lying in their storage are basically useless.

@skullchords 4 года назад

No one can just deflect the emerald splash

@FuntimeLetsPlays 4 года назад

That is actually a very great theory

@Chigger 4 года назад

Me: *Walks around with emeralds* Shady villager: "Pssst. You want a cookie?"

@MrDankTM 4 года назад

hi lane. btw joe

@HolarMusic 4 года назад

Shady villager: **HMMM**

@cumbergodkiller1533 7 месяцев назад

WE NEED THE GAME THEORY FULL INTRO MUSIC The person who made it is a legend

@nacl4988 7 месяцев назад

You made a big oversight with calculating size/weight. 1 Wood log turns into 4 wood planks, Which is clearly more space. So it must be hollow. And it takes 3 Iron ingots to make an axe, But I doubt it takes 0.33 m^3. An anvil taking **31**. So I highly doubt that emerald block is particularly solid with the crimes he commits towards Iron.

@embeboso8329 3 года назад

The player selling the villager's carrots back to them: This is where the fun begins The villager getting the carrots without labor: In case you haven't noticed, you've fallen right into my trap

@theflyingwhale5778 Год назад

But the Villager pay for our services..

@lowkeyidiot4134 Год назад

@@theflyingwhale5778 But with things that are basically worthless to them

@electricpepperoni4789 Год назад

@@lowkeyidiot4134 OHHH

@lasercraft32 Год назад

The funny part is, you can make afk carrot farms where the villagers farm them for you, using minecart hoppers and stuff... then you can trade them their own carrots back to them ;3

@mmmmmmmmm463 3 месяца назад

Villager: Hoh hun hah hun hah hon hoon (Here is your carrots) Steve: Okay I will give you some emeralds *gives emeralds* Steve: What other trades do you have? Villager: Hoh hanhoon han hon han han hon! (You could trade those carrots for a stick!) Steve: 😑

@callmehdan6228 4 года назад

“ It’s currency I can eat!” 😆😂🤣😆

@reeckoyoshi5887 3 года назад

Aztecs: Are we a joke to you?

@krisbeagles7045 3 года назад

Dont laugh, this is a very, VERY serious matter, like what else would he get USD?

@NOL_bm 3 года назад

1:01

@aishusparadise7949 3 года назад

Gott em

@weve.got.bannan.10 3 года назад

Yeah lol 😂

@Gabowsk 2 года назад

Alternate Title: MatPat explaining how capitalism works while getting insane with Villagers' working hours and wages.

@AKiDNAMEDLAX Год назад

This video is the first 200 pages of Capital Vol I

@jerilds 3 года назад

I love how mat and steff named there child from a skateboard trick

@delightfulrainclouds6394 4 года назад

Me: **was just watching film theory** Me: ok I think that’s enough for now, I should move onto- **Game theory notification** Me: **_looking around room suspiciously_**

@vzihall 4 года назад

They are watching. Always.

@ihatemirrors1216 4 года назад

The League of Villains is also watching, Child Deku.

@RalvinTY 4 года назад

where are they...

@hollowcookie9648 4 года назад

RanDOM ANGER ISSUES ,?????? Tokoyami got yo back

@ihatemirrors1216 4 года назад

@@hollowcookie9648 shut up hero

@deirdrecollins2722 4 года назад

When he says everything is done by hand Mumbo Jumbo: laughs

@TheKnightCrafter123 4 года назад

He means the villagers i think. They do it by hand

@longlivethe9989 4 года назад

SciCraft: *industrial noises*

@meekxeno8093 4 года назад

Either way still done by hand,

@oxygen1802 4 года назад

With what hands?

@blankblank1284 4 года назад

When he says that Beacon Buffs are useless: Every Hermit: you sure about that?

@matthewwells2520 Год назад

13:00 "Angry mobs aren't trying to attack you every night...I hope." 2023: Hold my beers.

@felixgeorgescu2230 2 года назад

Things I learned today about the US: A bread costs 3$ (in Romania it's just 0,33$) and Mega Image is called Food Lion in the US (apparently Romania is the only country where Food Lion is called Mega Image)

@thatsroughbuddy1407 4 года назад

I think you're missing a big lore opportunity here... how do villagers have so many emeralds across all of their villages, but emeralds underground are extremely rare? Maybe someone mass mined it, like the ancient race. Or maybe the villagers were better at doing stuff before, and something happened to them, just like the endermen. I feel like if I say something like this I have to make one of those super long comments, but I'm probably wrong so I don't have to 😁

@pudimjogando1198 4 года назад

Oh please, write more it actually makes a lot of sense Emeralds can be super rare as most have been mined maybe because of their magical properties (in beacons)

@H0llowz 4 года назад

I think it's so rare because the villagers mass mined all of it and what's left of the emeralds are unfound

@colorman9323 4 года назад

That would mean that the caves could be a mining place

@samlink686 4 года назад

Maybe in past emeralds had more magical propertys then just being used in a beacon Could an ancient race have been magical creatures?

@Shiyamirai 4 года назад

Kind of how like the Aztecs, Mayans etc vs Spaniards. To them Gold and Platinum were just for artistic purposes, usually to hang on a wall, make statues or for religious purposes. To the Spaniards it made them gold crazy and greedy because they put a different value on gold. They also considered Platinum useless and without value, which now in modern times would be considered crazy.

@noahwong3712 3 года назад

“Trading Carats for Carrots”

@randomanimals3422 3 года назад

(And your profile pic is a bunny)

@randomanimals3422 3 года назад

@KV - 06 862845 Calderstone MS XD

@GrIs899 3 года назад

🐇 bunny

@dando541 3 года назад

I would say this is copied, but there aren’t copyright laws here in the comment section, so you are absolutely fine!

@noahwong3712 3 года назад

Dan Do I didn’t copy that, but yeah the comment section has negative copyright laws

@ThatGuy-jb9zt 2 года назад

The description u had of villager everyday life is why I made a 7 mile long city that has luxury and also guards constantly being made with the population density, not to mention the safety resources and statue of me in the center. Sorry for flexing on this.

@Nate2010 2 года назад

I have an idea for a theory. What is Blixer/Fresh/The Boss (you also said it was your cat) from JSaB? A fossil in the new chapter is one of blixer's arms, so are blixers like dinosaurs?