Kiara_Kat Posted October 21, 2006 Share Posted October 21, 2006 This week's Tip.It Times has been released. Feel free to discuss the article or post any comments. If you have any criticism, please make sure it's constructive! :D Construction & The Price Behaviour of Rares Duke_Freedom Yes, itÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s that time again! I hope that the mathematical gibberish and interesting graphs in this article will entertain you once again. The subject this time? Well, in the first part of this article, IÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢ll redo some calculations on construction, and... Click here to read the rest of this article. Remember, the SEARCH button is your friend. Use it! Link to comment Share on other sites More sharing options...
Matthewlock Posted October 21, 2006 Share Posted October 21, 2006 First Post!! O:) 232 billion gp...Wow... :shock: Siggie needs work. Link to comment Share on other sites More sharing options...
Brinner Posted October 21, 2006 Share Posted October 21, 2006 the price stinks second post btw \ Link to comment Share on other sites More sharing options...
darkmage099 Posted October 21, 2006 Share Posted October 21, 2006 FIrst post AKA your spam post! Great article. I like all the graphs. Trix.--quit WoW as of 12/07Thank you 4be2jue for the wonderful sig and avatar! Link to comment Share on other sites More sharing options...
Matthewlock Posted October 21, 2006 Share Posted October 21, 2006 FIrst post AKA your spam post! Great article. I like all the graphs. Shoulda put "To be edited" :boohoo: Siggie needs work. Link to comment Share on other sites More sharing options...
Masterd99 Posted October 21, 2006 Share Posted October 21, 2006 Very nice story duke, wow 232 bil? thats a ton of money...wish I had 1/1000th of that lol Quest Cape - 10/18/2006 Link to comment Share on other sites More sharing options...
Zodiak12 Posted October 21, 2006 Share Posted October 21, 2006 Doing an Economics A-Level myself it's still fascinating to see how Economic theories can be applied to the game and more-so rares. I was also intrigued by the immense drop in growth around 1-12-2003 Link to comment Share on other sites More sharing options...
Guest Exkarotis Posted October 21, 2006 Share Posted October 21, 2006 First Post!! O:) 232 billion gp...Wow... :shock: thanks for that enlightening post... :| Good article. All the maths makes my head hurt... Link to comment Share on other sites More sharing options...
Nero Posted October 21, 2006 Share Posted October 21, 2006 very well written article, I enjoyed this one :) Vienna Raszyn Warsaw Klushino Link to comment Share on other sites More sharing options...
Duke_Freedom Posted October 21, 2006 Share Posted October 21, 2006 I was also intrigued by the immense drop in growth around 1-12-2003 Ah yes, the result of the famous duplication of 6-11-2003, which you can read a little more about here if you never heard about it. :) The value of my bank at its height. Estimated value at the peak of the rares market: 250 billion+.Most likely the largest trade in RuneScape ever. Estimated value at the peak of the rares market: 70 billion+. Link to comment Share on other sites More sharing options...
blooblyblobl Posted October 21, 2006 Share Posted October 21, 2006 Very interesting graph...it seems like rares are on another upswing atm. BTW Duke, do you still play? Legends quest completed at lvl 47 on X Legendre X#3056 to 99 firemaking, achieved on July 4th, 2007.Tied for #1854 to 99 farming, achieved on September 3rd, 2008. Link to comment Share on other sites More sharing options...
x_bow80 Posted October 21, 2006 Share Posted October 21, 2006 Man, all thinks by Duke Freedon are great!!!! I think this 1 was my fav by him! 99 Pics - Range, Defence, HP, Attack, Magic, Strength, Cooking Link to comment Share on other sites More sharing options...
hellbellz Posted October 21, 2006 Share Posted October 21, 2006 Nice article and calculations :wink: PS ~ What math did ya stop learning at? Or still learning, because you're really really good at math :shock: Link to comment Share on other sites More sharing options...
geertjen2 Posted October 21, 2006 Share Posted October 21, 2006 Very interesting post || Exer Forums || Exer Member List || Exer Recruitment Topic ||Exercitum Full Member Requirements - 108+ F2P Combat Link to comment Share on other sites More sharing options...
zubeedoo Posted October 21, 2006 Share Posted October 21, 2006 I have always preferred duke's articles to others :mrgreen: As always, it was an exellent read. Quit runescape, now playing EVE-Online(Mail Cambarus and say hi :mrgreen: ) Link to comment Share on other sites More sharing options...
halo2_rocks7 Posted October 21, 2006 Share Posted October 21, 2006 Very nice article! I've always liked Duke's articles. Good work on the graphs also! :D Thanks Jason321 for the sig!^ Proud to have served the Tip.it Crew Drops: 2x D Chain, 1x D Legs, 2x D Left Half, 1x D spear, 2x D med (monsters), 5x D Med (Barrows), 4x D Axe, 2x Zerker, Abyssal whip x1, 7x D BootsBarrows items: 55 (not counting the meds) Link to comment Share on other sites More sharing options...
i_m_darkness Posted October 21, 2006 Share Posted October 21, 2006 Duke still got it \ Although his Rares paragraph didn't seem to have a good ending :-k In my eyes #-o Link to comment Share on other sites More sharing options...
ReneDestroy Posted October 21, 2006 Share Posted October 21, 2006 Interesting read, I'm actually surprised that construction is draining the money 1B each day. Sure it's not much compared to the 6-7B that comes into RS each day, it's still a lot and I would definetely say Jagex succeeded in creating a good money drain. Click here for my awesome blog Link to comment Share on other sites More sharing options...
Mr_Hyde1218 Posted October 22, 2006 Share Posted October 22, 2006 those graphs automatically set me to calculus mode. good read btw. proud quest cape ownerhere's my first post on the TIF (scroll to the bottom)feel free to pm me, but do make sure that i know you're a Tip.It user (in other words, give me a HYT) Link to comment Share on other sites More sharing options...
jaskkes Posted October 22, 2006 Share Posted October 22, 2006 I loved it. I am always interested and LOVE articles from Duke. And the graphs are always the best ;) Link to comment Share on other sites More sharing options...
blackxp Posted October 22, 2006 Share Posted October 22, 2006 I find duke a very smart individual on this subject and was amazed by his first article that i saw and followed it to help myself get into the rare market. I was very sad when he was banend, ppl said idk 500 santas? anyways im glad he still continues to help out with his amazing articles. Although im not in the market as much as i was b4 due to being hacked, i still got a green now its still very helpfull. Btw, just a random question lol. Are you going to be an economist when you grow up? just as a ending note ... DUKE YOU ARE MY HERO!!! Link to comment Share on other sites More sharing options...
Hobgoblin11 Posted October 22, 2006 Share Posted October 22, 2006 Hmm, interesting *strokes goatee* Any chance you could explain your master graph? To the untrained and ignorant eye it just looks like a squiggle with no definable period. What is the period and what does this mean for the economy? Also, if as you say, the price of rares rises and falls with the total amount of gp in the game, why does this graph fluctuate so much? That wouldl surely mean that the total amount of gp in the game fluctuates as well. Nice work though 99/99 Fletching, 99/99 Cooking, 96/99 Strength Link to comment Share on other sites More sharing options...
nashy19 Posted October 22, 2006 Share Posted October 22, 2006 i like how much it cost beacuse then its harder for people to catch me as i head off to 99. also its quite and easy skill to raise if u put it with a money making skill. say magic logs- cut 400 a day- sell for planks- train con - could get 99 in 60 days. i also like the fact that rares will drop beacuse id like to have both. :mrgreen: (ps- spent 600k on magic trees today for my garden lolz) http://img147.imageshack.us/img147/2306/1kw4.gif[/img]~ÃÆââ¬Â âââ‰â¢ÃÆââââ¬Ã¡ÃâìÃÆÃââââ¬Ã¦R ÃÆââââ¬Å¡Ã¬ÃâàHÃÆââââ¬Ã¡Ãâì ÃÆââ¬Å¡ÃâöNÃÆââ¬Å¡Ãâà Link to comment Share on other sites More sharing options...
Wachtwoord Posted October 22, 2006 Share Posted October 22, 2006 Duke, a very nice article again! I love you're articles, thank you! :thumbsup: =D> When everything's been said and done, more has been said than done.All skills 80+ Link to comment Share on other sites More sharing options...
Pro_Einari Posted October 22, 2006 Share Posted October 22, 2006 A Nice article again. :) But I thought about one more thing... Construction drains more money than just the xping costs. There are ~8000 players who can construct a gilded altar (with +3 tea and the crystal saw). If everyone has built it (and I think most of them have) and a gilded altar costs 2x 425k marble block + 4x 135k gold leaf = 1390k (if I remember correctly), it's a huge amount of money drained. If they construct marble burners too, it's 850k more. That's about 10,8-17,6 bil away from the RS economy, without counting the other items built in player's houses. Pro Einari (level-119)Attack 97 Strenght 99 Defence 90 Hits 96On a break, again. Link to comment Share on other sites More sharing options...
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