Video Game ‘Loot Boxes’ Would Be Outlawed in Many Games how to get rid of ants in the house vinegar Under Forthcoming Federal Bill – Slashdot

Video games popular among kids would be prohibited from offering how to get rid of ants in the house vinegar "loot boxes" or randomized assortments of digital weapons, clothing and other items that can be purchased for a how to get rid of ants in the house vinegar fee, under federal legislation to be introduced by republican sen. Josh hawley (mo.). From a report: hawley’s protecting children from abusive games act takes aim at how to get rid of ants in the house vinegar a growing industry revenue stream that analysts say could be how to get rid of ants in the house vinegar worth more than $50 billion — but one that increasingly has triggered worldwide scrutiny out of how to get rid of ants in the house vinegar fear it fosters addictive behaviors and entices kids to gamble. Hawley’s proposed bill, outlined wednesday, covers games explicitly targeted to players under age 18 as how to get rid of ants in the house vinegar well as those for broader audiences where developers are aware how to get rid of ants in the house vinegar that kids are making in-game purchases. Along with outlawing loot boxes, these video games also would be banned from offering "pay to win" schemes, where players must spend money to access additional content or how to get rid of ants in the house vinegar gain digital advantages over rival players.

"Social media and video games prey on user addiction, siphoning our kids’ attention from the real world and extracting profits from fostering how to get rid of ants in the house vinegar compulsive habits," hawley said in a statement. "No matter this business model’s advantages to the tech industry, one thing is clear: there is no excuse for exploiting children through such practices." offering one "notorious example," hawley’s office pointed to candy crush, a popular, free smartphone puzzle app that allows users to spend $149.99 on a bundle of goods that include virtual currency how to get rid of ants in the house vinegar and other items that make the game easier to play.

• stocks are (over time) positive sum. On average everyone makes money. The total value of all stocks goes up over time, meaning on average stock investors make more money than they how to get rid of ants in the house vinegar put in. So trading and investing in stocks, if done with an eye to try to pick out how to get rid of ants in the house vinegar the better stocks to invest in, is good for the economy.

• same goes for savings accounts. They’re positive sum. (you’re basically loaning money to the bank. The bank makes an effort to pick out the better how to get rid of ants in the house vinegar stocks to invest that money in. They take a cut of the dividends from that investment, and pass on a guaranteed amount to you as interest how to get rid of ants in the house vinegar for loaning them the money.) so they’re good for the economy.

• insurance is zero sum, negative sum if you subtract the cut taken by the how to get rid of ants in the house vinegar insurance company. On average you lose money buying insurance. But the "winners" in insurance are people who suffer a pre-agreed loss. So insurance has the effect of moderating the financial impact how to get rid of ants in the house vinegar of unexpected random losses. That results in more economic stability (fewer bankruptcies), so it actually ends up a net gain for the how to get rid of ants in the house vinegar economy.

• gambling is zero sum, negative sum if you include the cut taken by the how to get rid of ants in the house vinegar casino. On average, gamblers lose money. But unlike insurance, the winners are randomly distributed, so there’s no benefit to the economy as with insurance. So gambling is on balance bad for the economy. (the only way it helps the economy is if you how to get rid of ants in the house vinegar count its entertainment value as stress relief for the gamblers. But the few addicted gamblers who gamble too much end how to get rid of ants in the house vinegar up counteracting this benefit on average.)

That said, I’m not sure banning loot box games is really the how to get rid of ants in the house vinegar correct solution. The problem isn’t the games per se. It’s kids falling for these companies’ marketing which convinces them that it’s important to have that fantastic prize that you can how to get rid of ants in the house vinegar only get from a loot box that nobody else in how to get rid of ants in the house vinegar their class will have. The correct solution is to teach kids that unless that how to get rid of ants in the house vinegar prize actually helps their real life productivity (as opposed to their popularity or the jealousy of other how to get rid of ants in the house vinegar kids), then it’s not really important. If we concentrated on teaching that lesson to kids, maybe we wouldn’t see stupid crap like kids beating up each other how to get rid of ants in the house vinegar to steal their designer shoes, or as adults they wouldn’t waste money leasing an expensive car that they otherwise how to get rid of ants in the house vinegar couldn’t afford to buy.

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