Experimental Economics in Virtual Reality

Gürerk, Özgür and Bönsch, Andrea and Braun, Lucas and Grund, Christian and Harbring, Christine and Kittsteiner, Thomas and Staffeldt, Andreas (2014): Experimental Economics in Virtual Reality.

Abstract

Experimental economics uses controlled and incentivized lab and field experiments to learn about economic behavior. By means of three examples, we illustrate how experiments conducted in immersive virtual environments emerge as a new methodological tool that can benefit behavioral economic research.

• Item Type: MPRA Paper
• Language: English
• Keywords: experimental economics; virtual reality; immersive virtual environment; risk preferences; real effort; avatar; reflection problem; experimental methodology
• Subjects: C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C90 - General

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