How Video Games Trick You Into Spending Money

People spend hundreds of dollars on in-game purchases in video games. How do companies trick you into using real money to buy fake items? Money Is Disgusting - https://youtu.be/ikjYlEIWqvQ Sign Up For The Seeker Newsletter Here - http://bit.ly/1UO1PxI Read More: A Concept Gadget Gives Digital Currency That Real Money Feel https://www.wired.com/2016/09/concept-gadget-gives-digital-currency-real-money-feel/ "That's because cash, anachronistic as it seems, has its benefits. Amit points to research that suggests people assign more value to items that they purchase with cash." Looking at In-Game Currencies http://www.gamesparks.com/blog/looking-at-in-game-currencies/ "Today we're going to be looking at currencies in free to play games, how they define your in-game economy, the different approaches to implementing them and why the most popular models work." Spending and credit cards https://www.psychologytoday.com/blog/ulterior-motives/201001/spending-and-credit-cards "There is also a lot of evidence that consumers spend more money when paying with credit cards than when they are spending cash. For example, Drazen Prelec and Duncan Simester reported studies on this topic in a 2001 issue of Marketing Letters." ____________________ DNews is dedicated to satisfying your curiosity and to bringing you mind-bending stories & perspectives you won't find anywhere else! New videos daily. Watch More DNews on Seeker http://www.seeker.com/show/dnews/ Subscribe now! http://www.youtube.com/subscription_center?add_user=dnewschannel DNews on Twitter http://twitter.com/dnews Trace Dominguez on Twitter https://twitter.com/tracedominguez DNews on Facebook https://facebook.com/DiscoveryNews DNews on Google+ http://gplus.to/dnews Discovery News http://discoverynews.com Sign Up For The Seeker Newsletter Here: http://bit.ly/1UO1PxI Special thanks to Julian Huguet for hosting DNews! Check Julian out on Twitter: https://twitter.com/jhug00

Comments

1. Or simply Hack/Mod them.... Its Simple as that
2. I just watched someone who spent $500 on a mobile game smh
3. movie star planet took my moms card and stuff
4. i have trouble parting with $5. regardless.
5. Buying games is the perfect way to prevent piracy
6. Money? I am a Dutchie, 'nuff said!
7. This is a no brainer, maybe not to everyone, but a very big one to me.
   
   I have both a credit card, and cash in hand, but the only difference to me is their physical appearance.
8. We're looking at you hello games.
9. Slightly disappointed with this video. While you're pretty right on all accounts in the video, I really wish you addressed the issue of DLC and Season Passes within the current video game industry, which supports the idea that it's okay to release a game that isn't fully finished and finish it later on with DLC. That's what I sort of expected with the video, but then again I guess the average person doesn't really play video games and care to that extent, which is why you aptly mentioned mobile games and the freemium system.
10. I've seen it time and time again with many phone game apps where the game has many in-game popup promotions for ways to upgrade your game, in ways you can never earn without spending to the point that once enough people purchase, everyone else is compelled to keep up and purchase as well. Any alliance based game seems to work on this model quite a bit and some of these "alliances" will kick you out if you aren't strong enough, meaning you aren't spending enough. I've heard of people spending well over $20-30K (USD) within in 1 year to maintain their top player status. It's like a competition on who can spend more. Players that don't spend are 100 to 1000 times weaker than those that spend the big $$$. When people finally give up they try to recoup their loses by selling their accounts and then get screwed again when their accounts are stolen.
    
    When I was young there was an Easy, Normal and Hard modes that appealed to any player type. Now there's one mode for all and if you want it to be easy, you pay to be better than the more advanced players that are working harder. This is similar to the real world where people in poor families work their asses off to keep up with rich people that are often handed opportunities or are born into the family business. So essentially, games went from a utopia of game play to a real world lesson on how life screws those that are poor unless you can work your ass off.
11. I am just looking @ your muscles.. 😂
12. Imagine if there was a restaurant or a clothing store where only 1.9 percent of people paid. That's the state of free to play games. Developers need to eat too
13. That's why when I spend my money I try and do it through a debit card
14. There's a 15 minute ad that keeps loading, can't watch the video 😡
15. Steam sales are damn worth
16. you look like rafi from the fine bros
17. This guys face is so strange for some reason not saying hes ugly just strange looking
18. fiscal irresponsibility.... thats me...
19. ive spent a total of $1350 on CS:GO... I need to be stopped
20. The way I hold myself back from dumping money on games (especially free-to-play ones) is to compare the cost and reward with more tangible things. For example, last week I almost caved and spent money on this one game I play. But when I realized that the "premium package" I was looking into cost me about 12 hours of work and a real-life tangible equivalent would only cost about $10, I stopped myself.