Synthetic Worlds: The Business and Culture of Online Games

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University of Chicago Press, Nov 13, 2005 - Business & Economics - 332 pages
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From EverQuest to World of Warcraft, online games have evolved from the exclusive domain of computer geeks into an extraordinarily lucrative staple of the entertainment industry. People of all ages and from all walks of life now spend thousands of hours—and dollars—partaking in this popular new brand of escapism. But the line between fantasy and reality is starting to blur. Players have created virtual societies with governments and economies of their own whose currencies now trade against the dollar on eBay at rates higher than the yen. And the players who inhabit these synthetic worlds are starting to spend more time online than at their day jobs.

In Synthetic Worlds, Edward Castronova offers the first comprehensive look at the online game industry, exploring its implications for business and culture alike. He starts with the players, giving us a revealing look into the everyday lives of the gamers—outlining what they do in their synthetic worlds and why. He then describes the economies inside these worlds to show how they might dramatically affect real world financial systems, from potential disruptions of markets to new business horizons. Ultimately, he explores the long-term social consequences of online games: If players can inhabit worlds that are more alluring and gratifying than reality, then how can the real world ever compete? Will a day ever come when we spend more time in these synthetic worlds than in our own? Or even more startling, will a day ever come when such questions no longer sound alarmist but instead seem obsolete?

With more than ten million active players worldwide—and with Microsoft and Sony pouring hundreds of millions of dollars into video game development—online games have become too big to ignore. Synthetic Worlds spearheads our efforts to come to terms with this virtual reality and its concrete effects.

“Illuminating. . . . Castronova’s analysis of the economics of fun is intriguing. Virtual-world economies are designed to make the resulting game interesting and enjoyable for their inhabitants. Many games follow a rags-to-riches storyline, for example. But how can all the players end up in the top 10%? Simple: the upwardly mobile human players need only be a subset of the world's population. An underclass of computer-controlled 'bot' citizens, meanwhile, stays poor forever. Mr. Castronova explains all this with clarity, wit, and a merciful lack of academic jargon.”—The Economist
 
Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations.”—Tim Harford, Chronicle of Higher Education

  

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LibraryThing Review

User Review  - breadhat - LibraryThing

In many ways this book came as a relief. It is written by someone who actually has lengthy experience with the subject, and it applies an uncommonly deep level of examination to the problem of how ... Read full review

Review: Synthetic Worlds: The Business and Culture of Online Games

User Review  - Tony - Goodreads

Synthetic worlds, virtual worlds, online worlds, whatever your term of choice, these are all the same thing. Some synthetic worlds exist for the sake of being synthetic worlds. Second Life is a good ... Read full review

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Contents

1 Daily Life on a Synthetic Earth
29
2 The User
51
3 The Mechanics of WorldMaking
79
Institutions within Synthetic
100
5 The Business of WorldMaking
126
Part II When Boundaries Fade
145
6 The AlmostMagic Circle
147
7 Free Commerce
161
10 Topographies of Terror
227
11 Toxic Immersion and Internal Security
236
Part III Threats and Opportunities
247
12 Implications and Policies
249
13 Into the Age of Wonder
267
A Digression on Virtual Reality
285
Notes
295
References
311

Behavior and Design
170
9 Governance
205

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Page 311 - Leary, MR (1995). The need to belong: Desire for interpersonal attachment as a fundamental human motivation.

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Edward Castronova’s Book "Synthetic Worlds" « knowledgeforward
... complimentary references to Edward Castronova, so I was very interested to get his book “Synthetic Worlds, the Business and Culture of Online Games”. ...
knowledgeforward.wordpress.com/ 2008/ 02/ 13/ edward-castronovas-book-synthetic-worlds/

Castronova, Edward: Synthetic Worlds
Castronova, Edward Synthetic Worlds: The Business and Culture of Online Games. 344 p., 1 line drawing, 4 tables. 6 x 9 2005 ...
www.press.uchicago.edu/ cgi-bin/ hfs.cgi/ 00/ 162074.ctl

Synthetic Worlds: The Business and Culture of Online Games, By ...
If you're serious about the potential of virtual worlds, Synthetic Worlds: The Business and Culture of Online Games is highly recommended. ...
www.knowprose.com/ node/ 16695

pancrit.Org: Edward Castronova: Synthetic Worlds
0.3. Chris Hibbert. Edward Castronova's Synthetic Worlds provides a good explanation of why social spaces constructed in software will be an important part ...
pancrit.blogspot.com/ 2006/ 12/ edward-castronova-synthetic-worlds.html

Play Journal: Synthetic Worlds
Recent Posts. Independent Review: 'On the Road to Wikitopia' · Rules of the Brain - Keep It In Play · New York Times... gets play big time ...
theplayethic.typepad.com/ play_journal/ 2005/ 12/ almost_forgot_t.html

Easily Distracted » Blog Archive » The Shape of the Gordian Knot ...
I’m going to take a tour over the next month or so of some specific instances of the intractable dilemmas facing academics at the moment, challenges to ...
weblogs.swarthmore.edu/ burke/ ?p=140

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Sammenlign bogpriser på bogen Synthetic Worlds af Edward Castronova. 35 boghandleres priser og leveringstider i een enkelt søgning
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donkeyxote tells all: Edward Castronova's "Synthetic Worlds"
donkeyxote tells all: Edward Castronova's "Synthetic Worlds"
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Lunch over IP: Synthetic worlds
Bruno Giussani's running notes on people, places, technologies and ideas. Bruno is a writer and the European of the TED conferences
www.lunchoverip.com/ synthetic_worlds/ index.html

Cool Tool: Synthetic Worlds
Categories. Aural · Autonomous Motion · Backpacking · Big Systems · Clothing · Communications · Community · Computers · Consumptivity · Craft...
www.kk.org/ cooltools/ archives/ 001093.php

About the author (2005)

Edward Castronova is associate professor of telecommunications at Indiana University, where he specializes in the economic and social impact of multiplayer online video games.

Bibliographic information