Virtual Worlds, Virtual Economies, Virtual Institutions
David A. Bray
Harvard University; University of Oxford; National Defense University
Emory University - Goizueta Business School
November 1, 2006
Virtual Worlds and New Realities Conference at Emory University, February 2008
Virtual worlds are now a reality. Virtual worlds such as the growing Second Life and Entropia Universe, allow everyone to create a digital character representing themselves and interact with other computer-generated individuals, landscapes, and even virtually-run global businesses in real-time. Fascinatingly, both endogenously produced economies and social orders are emerging in these virtual worlds.
Number of Pages in PDF File: 34
Keywords: emerging virtual institutions, virtual worlds, augmented reality, augmented group cognition, governance, social orders
JEL Classification: D23, D70, D73, D83
Date posted: February 12, 2007 ; Last revised: August 3, 2014
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