The paper provides a review of research using virtual reality as a tool in experimental economics. It addresses the question of whether behavior in virtual environments is a valuable source of empirical evidence for economists. A typology of virtual reality experiments based on the difference...

In this paper we compare - in the laboratory - stoppage and virtual strike. Our experiment confirms that higher wages offered by an employer lead to considerably more costly effort provision. The number of strikes, the level of efforts and average total payoffs are higher under virtual strike...

We analyzed experimentally the effect of inducing future self-continuity in a Cave Automatic Virtual Environment on delaying immediate monetary gratification. Our experiment is conducted in high-immersive virtual environments (HIVE) to stress the effect of environmental cues on behavior. We...