Game Theory: What is a Minecraft Emerald WORTH?

The Game Theorists

5 млн көрүүлөр779

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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 ► kgup.info/get/doGAYmijnnCciGY/video
    The History of Minecraft's Underwater Gods ► kgup.info/get/mX-EfXaqpouBnnc/video
    The Tragic Story of Minecraft's Zombie Pigmen ► kgup.info/get/m6-JYYrCnqWZmH8/video
    Minecraft, STOP Punching Trees! ► kgup.info/get/lYOblZfDl4-gl6E/video
    The Lost History of Minecraft's Wither ► kgup.info/get/nmSGnpyWc5CbbX8/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.

    күнү жарыяланды 11 ай мурун

    Жорумдар

    1. Viron Pabunan

      After watching the video, i think I'm making a petition for Minecraft: Emerald Update

    2. TheVentMan

      Best Intro Ever

    3. Zapper

      So you’re telling me that they can afford giving away 10s of thousands of emeralds which should I say with the strongest most powerful being of any universe is rare to find naturally but the villagers can’t afford to make rabbit stew. something isn’t adding up

    4. Reducted_Pain

      nothing

    5. Oilicec Otos

      An emerald is worth well, it’s worth 1one sea kelp from a wandering trader

    6. Smitsy2463

      You should have done the amount of time it takes to get the item and do the value of time

    7. Kelley Bozeman

      Emailed simultaneously the most worth and worthless item

    8. Vuurstergaming

      4 carrots an hour? and us rl farmers pull out abt 3 hectares per day with standard carrot harvesters... damn

    9. Irish Countryball

      Ok...... anyway

    10. Hailey Morris

      You can make a emerald sword with a mod

    11. SehaPoul

      Hey mat I would like to thank you for helping me learning about math every single episode

    12. idk what to put

      Alot since they can only be found in vains of 1 and under mountain biomes if you go mining

    13. Ahxell Roose Uyvico

      I mean im good at playing fnaf cause of you your theroies make it easier to me and its not boring watching others strugle its funny

    14. Nathan John Demafeliz

      Easy answer, whatever the scammer trades ya

    15. Paul Van Camp

      um y wrere you bald

    16. decl6360 decl6360

      5

    17. EnbyOfMyEnemies

      Minecraft: *adds bees* Me: finally some trans representation

    18. ANDRES CABALLERO

      Who needs a job where I can just go get a pickaxe and go mine a emerald for 11000000000$

    19. Aleksei Kean

      MatPat: You can’t eat them Me: Me: Me: You can’t?

    20. Laith The best

      Man I love the "dim Dum do Dum do" that starts the intro

    21. m_e_d _i

      Mat went from talking about minecraft to talking about the real world history and what he thinks will happen in the future

    22. Drip Knight

      It changes depending on who your giving the emerald to For some people it's super expensive but for others it's worthless

    23. Bighaverlegend 69

      If you cure a zombie villager you can get a full set of *enchanted diamond armour for 4 emerald*

    24. the body pamp

      I swear that after a global disasster like a nuclear war or an alken invasion or zombie apocolypse the best currency will be seeds.

      1. Theoverachievers

        Caps

    25. Yuna Shin

      to be honest, this is just math

    26. Thumbomb

      11:53 Minecraft technical players: *Am I a joke to you?*

    27. Chill 1234

      Am i dumb? or you are the smart one cuz i dont really understand :v

    28. Cringecontent _

      so its bitcoin?

    29. Roman Sanchez

      I’m rich with my 2staks

    30. Alfie Ions

      im annoyed in the beggining where he was confused by the price amounts! because he didnt think about the fact that Minecraft is in a timeline in the past so Paper could have been the 10$!

    31. NuclearCommandoツシ

      "Thats not much labor" *or is it?* Mans sounded like Vsauce

    32. Zaheer Albani

      Emelard Diamond Netherrite Coin Penny Dime Quarter Nickel Gold Iron Wood Leather

    33. Simón Fernández

      13:46: that villager xd

    34. the obvious killer Blankenship

      Emeralds are literally worthless unless you're trying to get something from a villager

    35. DioxydeGAMES

      emeralds in bedwars: 'am i a joke to you?'

    36. Zayden Welch

      its like bitcoin

    37. somebody

      Me when i watch game theory to the end:Wow. This is useless

    38. Nina Kruczyk

      Did anyone notice entitled goose game is in here

    39. Ashley Messina

      The upset crime systematically produce because eagle neatly empty over a rude literature. quack, macho pedestrian

    40. Friends studio English

      also we can make auto farms so we can go to mine 10 emeralds get a stack of carrots buy a sword and exchange the carrots for emeralds aka S T O N K S

    41. LightBlazeX

      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.

      1. Ant C

        Yes

      2. Salazar Slytherin

        The Nether is Minecraft's Middle East, confirmed!

    42. Furry Trash

      you showed a torture scene in a minecraft video, very cool

    43. Balwinder Kaur

      So you wanna say one high end minecraft emerald is worth Bill gates’s net worth

    44. Balwinder Kaur

      The range is inconsistent because in real life The cheap stuff is made automatically But in minecraft the bread is made all manually And the paper is a nightmare to do by self

    45. Gamer Rat

      Hello yes i would like to buy an emerald for 32 sticks

    46. Golembruh

      Minecraft

    47. Sniper gaming

      i’m getting ripped off by my farmer

    48. Sebastien Choules

      The thing is armour and weapons and tools can be traided for emeralds

    49. Jase Allen

      Follow Christ

    50. Ghost Hunter

      So in some sense I see emerald it’s like the John wick coins

    51. wael dbouk

      Minecraft bit coin

    52. eRr0r-s3aRcHeR

      14:12 well a better tv helps you to watch smth better

    53. The.Knightmare

      who all noticed the pokemon emerald game card and a magicarp poping up on the word "Unnecessary"

    54. Tutorials and Games

      i think that emeralds in minecraft costs nothing just beacuse they are in a game that you cant pucharse emeralds,gold,diamonds or iron with real money

    55. Elol051 _

      well, for lukethenotable 1 emerald is one watermellon piece and 1 stick, and he trade the watermellons and stick to the villager non stop which means, the villagers have an unlimited supply of emeralds

    56. Yanzhi Aquino

      Steves is a demi-god he can respawn hes strong and he can eat golden food and can be in creative and fly and get all the stuff he needs and can kill a dragon one handed and can withstain Extreme damage Hes a true demi-god *BUT THATS JUST A Theorie A GAME THEORIE*

    57. Olim Pather

      Villager: Do you want this bread? Player: Yes. Villager: That would be 11.7 Bill Dollars Players: *dying inside*

    58. Femboy Appreciator

      i have like 3 all emerald beacons lmao

    59. Zion Sean

      dude your getting it wrong this game isnt from our time were we value these as cheap items

    60. Debaditta Deb ❶

      So one nones gonna talk about how he used Minecraft Bedrock Edition?

    61. Benjago

      forgot zombie villagers and if u cure em they give 1 em for Enchanted dimand stuff

    62. Faylenn

      If Steve is that strong how strong are the freaking mobs, being able to withstand MULTIPLE blows like that!?!?

    63. Out of content • 21 years

      Me explaining why my minecraft village is communist be like:

    64. Wooly

      Poor sonic

    65. YAH GYAH

      its worth 8.7 hypixel skyblock coins, duh

    66. Devjeet Mishra

      The thing wrong in this is that there is a trade which is 1 emerald for 1 diamond, which just disproves this whole video

    67. hanna beso30

      So what matpat is saying is RESPECT VILLLAGERS

    68. Basement Productions

      LABOR THEORY OF VALUE BABY WOOOOOOO

    69. Voids Grave

      i gave 1 emerald for a enchanted dimound sword because i cured him

    70. Mellow FN

      U can cure a villager if he’s a zombie, and when U do, everything is, for example, instead of 16 sticks for an emerald, to 1 stick for one emerald!

    71. ꧁༺『Rock filler』༻꧂

      For villagere emerald's can range from 1 to infinity $ because if the emerald is larger weights more but we cant know that can we?

    72. Speedybug Brylyth

      I disagree with using the blocks as a baseline: We have no reason to believe those blocks are solid, and you can math out how large they are using the 1st person view model when holding them..

    73. Speedybug Brylyth

      Seeing the bread trade, I immediately decree that an emerald is worth $6 CAD, and my mind cannot be changed.

    74. sans blans

      Villagers:EVERYTHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIING

    75. Ruben Schwirtz

      2:46 where did he get that list of everything u can buy

    76. •Brylle da Gamer Boi•

      SORRY SONIC

    77. TACKY

      -yikes?-

    78. R U sarions

      this video made me grateful about the world today like i could just buy bread in my local supermarket or convenience store but back then you really had to work hard for those kinds of things

    79. Bisky_Riznew

      Please don’t shave your head again Matt Damon *insert elysium movie cover*

    80. Minecraft Lover2012

      I love your theme song

    81. GalaxyGamerTD

      I have memorized that intro and outro

    82. CampfireDude

      When i started my world they were valuable but when i got to a village the entire world had so much inflation that emeralds were less valuable than 0 blocks of dirt

    83. Sans

      And they are really easy to get, i mean look at how many emeralds Luke the notable has on his hardcore Minecraft world, he turned a village into an emerald village!

    84. Crusader

      Me: Has my Inventory full of emerald blocks after 24 days of mining Everyone Else at the Village: (Minecraft steve is a god in strength,)

    85. DearRoblox

      wait, isn't paper worth more than 2 cents back in the day?

    86. Gopi D

      OF COURSE ITS ALMOST WORTHLESS U CANT CRAFT EMARELD GEAR ALL U CAN DO WITH IT IS TRADE

    87. Guusgeluk1969

      I love that he doesn’t just say in the begging:hey guys plz like and sub

    88. Brecon

      Ok ima start hording mine raft emeralds now

    89. Lee Wen Chang

      Theory: Villagers can deflect Kakyoin’s emerald splash because instead of taking damage they would take money.

    90. kingster C.

      I think that the value of emeralds also goes with the value of the trade, from how much xp you get and level up

    91. sub2Z_FUTURE2

      11:16 why are you getting emeralds insted of the diamonds behind you

    92. ochaco ueraka

      My birthstone is emarald

    93. Toast

      Old town road parody : Yeaaaa I’m gonna take my grandma to the old folks home because she don’t wanna cook no more

    94. Theresa Slowinski

      It depends how many emeralds exist in a Minecraft world

    95. dolfin pug

      i feel as though the emeralds worth is different for each type of trader

    96. Carlos Chiquete

      Wow

    97. austin miller

      Anybody make a living as a villager mod off of this info? Sounds like an interesting challenge

      1. mr. roblox cat

        Halloeijffnggf

    98. Koya

      Title: emeralds are worthless Me and The boys in prot 4 netherite: huh?

    99. h a p p y

      Ok then explain the cured villagers that sell u 1 emerald for a f**king mending book

    100. PrzemsonQ YT

      Zombyfying a villager --> buying a enchanted diamond chestplate for 2 emeralds