Social and Behavioral Sciences Commons^™

Economic Simulus: Online Economies, Virtual Currencies, And Their Relevancy To The Real World, Eli Greenfield

WWU Honors College Senior Projects

Time and time again, economics as a discipline has been criticized, particularly heavily during times of economic fluctuations and hardship. The public sometimes expects economists to be able to predict the ebbs and flows of the economy, and to perfectly model human behavior. Even if the field had perfect equations to model human behavior, and there is significant debate within the field if such a thing is even possible, economists must often rely upon flawed data. In order to create the sort of equations that might predict the next recession, or to measure how many people are unemployed, economists must …