#but oml it is absolutely impossible to make a prediction on prices because the updates just swoop in and absolutely demolish everything

[shady-skybloks]

Hypixel skyblock economically is so wild. Like, of the 5 basic assumptions of economics, Scarcity, Rationality, Opportunity Cost, Gains from Trade, and Trade-Offs, all of these are blown clean out of the water.

There is no scarcity, there is no rationality, gains from trade, or trade-offs, all of these things are screwed over due to a constantly inflating economy and a lack of flexibility in set prices.

Meanwhile, you have Opportunity Cost over here which is supposed to be equally important, but all of a sudden, what with a vast plethora of money-making methods and investments, it becomes incredibly important. Like, to the point where if you're missing like, one piece of gear you're making like, 8% of your possible income. This...isn't normal.

The minion you use can boost your profits by as much as 4x, investments can be paid off in hours or years depending on an insane amount of externalities, lack of scarcity means that prices can fall practically overnight, the strength of influencers means that market failures are practically a given (market failures meaning that the market doesn't follow a prediction based off positive/objective economics), and any sense of rationality, trade-offs, or gains from trade are thrown out the window because (no offense) we skyblock players are one of the most exquisitely stupid creatures I have ever had the misfortune to interact with.

Like. What.