The Complexities of the Virtual Economy of Counter-Strike 2 and Their Predictability

Description
Although many games have digital economies and some even allow players to trade their items with other players for real-world money, none have found quite the same level of success as Counter-Strike’s virtual economy, valued in the billions of dollars.…

Although many games have digital economies and some even allow players to trade their items with other players for real-world money, none have found quite the same level of success as Counter-Strike’s virtual economy, valued in the billions of dollars. Within this market, there exist cosmetic items that span from a just few cents to purchase to private deals for rare collector’s items that total well into the hundreds of thousands of dollars (McAdam, Boulton 2024). In this thesis, we will be exploring what exactly makes this virtual economy such a financial powerhouse as well as what factors contribute to the vast gulf in pricing seen in this fascinating market. Upon identifying these factors, we will see how they can be used to predict the pricing of skins that could eventually come to the game.
Date Created
2024-05
Agent

The Era of Big Data and Artificial Intelligence: How We Got Here, Where We’re Going, and the Negative Side Effects on Systems That Matter

Description

The sudden turn to artificial intelligence has been widely supported because of the several proposed positive outcomes of using such technologies to support or replace humans. Automating tedious processes and removing potential human error is exciting for society, but some…

The sudden turn to artificial intelligence has been widely supported because of the several proposed positive outcomes of using such technologies to support or replace humans. Automating tedious processes and removing potential human error is exciting for society, but some concerns must be addressed. This essay aims to understand how artificial intelligence can automate domains that likely significantly impact underprivileged and underrepresented groups. This essay will address the potentially devastating effects of algorithmic biases and AI’s contribution to perpetual economic inequality by surveying different domains, such as the justice system and the real estate industry. Without society broadly understanding the potential negative side effects on systems that matter, the rapid growth of artificial intelligence is a recipe for disaster. Everyone must become educated about AI’s current and potential implications before it is too late to stop its damaging effects.

Date Created
2023-05
Agent
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