Saturday, November 14, 2015

Billionaire

The bombings in Paris: political football of the lowest order, on the part of the Republican candidates for President of the U.S.A.; possible repercussions to the absorption of Syrian refugees by the E.U. (the U.S.A. has never been about to take any significant numbers, so nothing really changes even if Trump whines about not taking any -- too expensive to bring them here, on strictly utilitarian grounds, obviously); what might someday look like the beginning of ISIS's endgame.  Urban terrorism in the West has always been really terrifying but not in any way an existential threat to our existence as a mass of nearly a billion relatively rich people.  Urban terrorism triggers technological and legal responses that ultimately reduce its effects and get the killers, at some sacrifice of liberty and decency -- but did I mention those aren't the values I bring to my analysis of our national interests?

Anyway, in the meantime I'm playing with increasing obsessiveness this marvelous little mobile game called "Billionaire," which requires the player to trade off risk, labor, and time for return in fairly intricate ways that fairly in my mind mimic real economic decision-making.  Time enables one to generate income from a variety of investments, but there is little compounding effect from any one investment: upgrades yield only marginal improvements to return, pretty much like real investments in mature industries.  Risk is represented as legal risk: the more criminal an investment option in the game, the higher its risk.  A high risk profile pretty much ensures that one will spend most of one's time in prison, not able to do anything to generate additional income (though it appears one's investments continue to accumulate in the meantime); and there is an upper limit to the amount of risk one can take on, in absolute terms, so ultimately investments have to be allocated.  Risk can be mitigated by contributing to philanthropic "social" investments with negative risk profiles.  Labor allows one to accelerate, by repeated finger taps that would resonate with any animal psychologist, the building of either money-making or philanthropic investments in order to maximize the value of one's portfolio.  The velocities of the game are two: the accumulation of cash, always slow relative to one's total wealth or ability to invest in new things; and one's personal attention to the game, making sure that not too many investments "max out" and stop accumulating, and rebalancing based on the aforementioned considerations.  It's a lot like managing real money, although there's absolutely nothing to spend it on but more investments...

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