60
Pachter: Loot Boxes Exist Because Consumers Are Stupid; Hawaii Legislators Are Morons

Pachter: Loot Boxes Exist Because Consumers Are Stupid; Hawaii Legislators Are Morons

6 years ago
Anonymous $CLwNLde341

https://wccftech.com/pachter-loot-boxes-consumers-are-stupid/

Michael Pachter, perhaps the most outspoken and well-known analyst in the games industry, appeared in a ‘fireside chat’ at a recent event held by the Video Game Bar Association in Los Angeles. GamesBeat posted the lengthy transcript yesterday and this time, Pachter talked about everything from eSports and VR (which he considers overhyped, at least for the time being) to loot boxes. On this latter topic, he provided a very blunt explanation for the very existence of loot boxes in the first place.

Why are there loot boxes? Because consumers are stupid and they’ll spend thousands of dollars trying to get that hard-to-get thing. If you put it up for sale for $500 they won’t buy it. I mean, I actually think the Chinese solution – posting the odds of getting each item – is the right way to do it. This thing has a 1-in-250 chance in the loot box, or you can buy it for $250. Then people realize, I have to buy 250 loot boxes for $600 to get it? Then they’ll just buy it.

Last Seen
43 minutes ago
Reputation
0
Spam
0.000
Last Seen
29 minutes ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
17 minutes ago
Reputation
0
Spam
0.000
Last Seen
13 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
9 minutes ago
Reputation
0
Spam
0.000
Last Seen
35 minutes ago
Reputation
0
Spam
0.000
Last Seen
6 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
41 minutes ago
Reputation
0
Spam
0.000
Last Seen
40 minutes ago
Reputation
0
Spam
0.000
Last Seen
54 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a couple of minutes ago
Reputation
0
Spam
0.000
Last Seen
a couple of minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
5 hours ago
Reputation
0
Spam
0.000
Last Seen
55 minutes ago
Reputation
0
Spam
0.000
Last Seen
16 minutes ago
Reputation
0
Spam
0.000
Last Seen
25 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
39 minutes ago
Reputation
0
Spam
0.000
Last Seen
5 minutes ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
a minute ago
Reputation
0
Spam
0.000
Last Seen
28 minutes ago
Reputation
0
Spam
0.000
Last Seen
24 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
41 minutes ago
Reputation
0
Spam
0.000
Last Seen
39 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
4 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a few minutes ago
Reputation
0
Spam
0.000
Last Seen
17 minutes ago
Reputation
0
Spam
0.000
Last Seen
11 minutes ago
Reputation
0
Spam
0.000
Last Seen
4 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
6 minutes ago
Reputation
0
Spam
0.000