Game Economies Versus Real Life

MapleStory's economy is a joke.

MapleStory and real life have hardly anything in common. This game consists of a lot of 14 year-olds who took one semester of economics in school and think they can apply the same logic to an online game.

Late Wall Street Journal editor "Robert L. Bartley said "In general, 'the market' is smarter than the smartest of it's individual participants."
If the market is smarter than the people in said market, why would the game consisting of 14 year olds make a difference?

All of MapleStory's economy is based on a self-fulfilling prophecy.

People think an item is going to be expensive for one reason or another, therefore, it is; or perhaps they hoard an item because they think it'll have more value in the future and in actuality the reason the item becomes more expensive is due to their hoarding in the first place.

Nothing like that happens in RL... ever?