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2017 IEEE Virtual Reality (VR) (2017)
Los Angeles, CA, USA
March 18, 2017 to March 22, 2017
ISSN: 2375-5334
ISBN: 978-1-5090-6648-3
pp: 301-302
Andrea Bonsch , Visual Computing Institute, RWTH Aachen University, Germany
Jonathan Wendt , Visual Computing Institute, RWTH Aachen University, Germany
Heiko Overath , Visual Computing Institute, RWTH Aachen University, Germany
Ozgur Gurerk , RWTH School of Business & Economics, RWTH Aachen University, Germany
Christine Harbring , RWTH School of Business & Economics, RWTH Aachen University, Germany
Christian Grund , RWTH School of Business & Economics, RWTH Aachen University, Germany
Thomas Kittsteiner , RWTH School of Business & Economics, RWTH Aachen University, Germany
Torsten W. Kuhlen , Visual Computing Institute, RWTH Aachen University, Germany
ABSTRACT
Traditionally, experimental economics uses controlled and incentivized field and lab experiments to analyze economic behavior. However, investigating peer effects in the classic settings is challenging due to the reflection problem: Who is influencing whom? To overcome this, we enlarge the methodological toolbox of these experiments by means of Virtual Reality. After introducing and validating a real-effort sorting task, we embed a virtual agent as peer of a human subject, who independently performs an identical sorting task. We conducted two experiments investigating (a) the subject's productivity adjustment due to peer effects and (b) the incentive effects on competition. Our results indicate a great potential for Virtual-Reality-based economic experiments.
INDEX TERMS
Economics, Sorting, Productivity, Belts, Face, Virtual reality, Incentive schemes
CITATION

A. Bonsch et al., "Peers at work: Economic real-effort experiments in the presence of virtual co-workers," 2017 IEEE Virtual Reality (VR), Los Angeles, CA, USA, 2017, pp. 301-302.
doi:10.1109/VR.2017.7892296
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