TY - JOUR
T1 - Goggles in the lab
T2 - Economic experiments in immersive virtual environments
AU - Mol, Jantsje M.
PY - 2019/4
Y1 - 2019/4
N2 - This review outlines the potential of virtual reality for creating naturalistic and interactive high-immersive environments in experimental economics. After explanation of essential terminology and technical equipment, the advantages are discussed by describing the available high-immersive VR experiments concerning economic topics to give an idea of the possibilities of VR for economic experiments. Furthermore, possible drawbacks are examined, including simulator sickness, the costs of VR equipment and specialist skills. By carefully controlling a naturalistic experimental context, virtual reality brings some field into the lab. Besides, it allows for testing contexts that would otherwise be unethical or impossible. It is a promising new tool in the experimental economics toolkit.
AB - This review outlines the potential of virtual reality for creating naturalistic and interactive high-immersive environments in experimental economics. After explanation of essential terminology and technical equipment, the advantages are discussed by describing the available high-immersive VR experiments concerning economic topics to give an idea of the possibilities of VR for economic experiments. Furthermore, possible drawbacks are examined, including simulator sickness, the costs of VR equipment and specialist skills. By carefully controlling a naturalistic experimental context, virtual reality brings some field into the lab. Besides, it allows for testing contexts that would otherwise be unethical or impossible. It is a promising new tool in the experimental economics toolkit.
KW - Experimental economics
KW - High-immersive virtual environments
KW - Laboratory methods
KW - Virtual reality
UR - http://www.scopus.com/inward/record.url?scp=85062283325&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85062283325&partnerID=8YFLogxK
U2 - 10.1016/j.socec.2019.02.007
DO - 10.1016/j.socec.2019.02.007
M3 - Article
AN - SCOPUS:85062283325
VL - 79
SP - 155
EP - 164
JO - Journal of Behavioral and Experimental Economics
JF - Journal of Behavioral and Experimental Economics
SN - 2214-8043
ER -