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12-16-2010 @ 4:17PM
"The herbs you farmed didn't cost you anything"My time, it is not free
12-16-2010 @ 4:50PM
Yes, but the time is fixed. If you are putting a gold value on your time, then you could do a bunch of things to make gold. Do dailies, farming, or whatever. If you actually do the math then figure out 'hey the best way i can make gold now is farming', then you figured out that your time is best used farming to sell on the AH. I really recommend doing this, that way you aren't doing something silly like farming mageweave on your main because it's 10 gold each (you could farm ore in that time, and make 2x more)The author's main point is that you need to do a calculus; is it worthwhile to sell the mats now then rebuy them in a week, when prices have dropped, or is it more valuable to you, in terms of time or whatever, to keep that stuff and use it. And there is no wrong answer.
12-16-2010 @ 5:17PM
The authors point can be what ever he pleases. If he uses bad logic to arrive at it, its an invalid point.Saying that farming costs nothing is invalid, it costs me my time. I value my time, I would rather be doing other things out side of wow.Iirc farming was actually one of the slower way to make gold.
12-16-2010 @ 5:37PM
"but the opportunity cost" ...
12-16-2010 @ 5:46PM
Don't take out of context. He's actually proving a point that the cost for farming said herbs was THEIR OPPORTUNITY COST, which is far from free..."This is a concept called opportunity cost. The herbs you farmed didn't cost you anything, but the opportunity cost of using them to level inscription is what you could have sold them for."Your time is not free, after all "time is money, friend"
12-16-2010 @ 5:53PM
Time is Money, Friend.
12-18-2010 @ 1:42PM
I'd say that that the average informed player is moderately sophisticated when it comes to this and performs a model to determine whether their time is being used wisely. For example, skinning, mining or gathering herbs while questing adds a moderate amount of time when levelling, but the time spent levelling is going to happen anyway. So there's low opportunity cost to gathering while questing. One could argue that at the start of the expansion feeding one symbiotic crafting profession with the materials of another (or at any time) wouldn't be worthwhile, but for the less savvy WoW player, they may make the following analysis: they tend to buy high and sell low in order to secure sales. So while the average price for the materials may be high at the start of the expansion and low at the end, they will be using significantly skewed prices, be spending time they could be farming/raiding/running dungeons or battlegrounds at the AH and have to contend with the AHs cut of their profit and the possibility of lost deposit money. Not everyone can make a profit off the AH (apart from the AH itself) and this risk analysis is actually fairly reasonable. Even for the insane person who has no gathering professions and gets realm first crafting profession, there is a trade off. This person spends an incredible amount on the materials to get there, but has the honor of having a feat of strength (people play for reasons other than money :p) and has an actual monopoly for a few hours on the highest level crafted goods and a virtual monopoly for a few days on the rest, as well as the possibility at being ahead of the market on items which take a few days on cooldown. If said crafter is also an Auctioneer veteran, they may be more adept at the user interface and enjoy it and the risks that come with it more than the previous two players. Finally, there's the type of player who most people would agree could benefit from this article and economics classes, who is certain they have obtained an item for free if they farm for it. Before you're quick to condemn them, consider this: they're playing an RP game for enjoyment. Perhaps they honestly dislike farming a set location and then using the AH? Perhaps it will take them three hours to hunt down and assemble the parts to a new engineering gimmick they've found the schematics for. Logically, they could have done it faster if they farmed obsidium ore in Vash'jir for an hour (for example, I'm not a miner so wouldn't know) and then spent a quarter of an hour listing it on the AH. However, they would have a great distaste for both of these actions and then (if they have time allocated to WoW) would have spent the remainder of those 3 hours moping. So there's a cost to efficiency.
12-17-2010 @ 8:30AM
I think of it this way, if I'm out leveling my toon and that's where I want to spend my time and I happen to come around say 35 nodes in the time I'm out in a zone they are definitely free. I would have spent that time grinding experience whether I mined/herbed or did not. It's like a bonus to exp and you can make munnies! I will admit that whether farming is a fast/big money maker or not I really enjoy cranking some music and flying laps. It's kind of relaxing. haha
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