The influence of real world on virtual world: An investigation of virtual land price in second life

Author

Xiao-lin, Wang ; Qiang, Ye ; Qi, Lu

Author_Institution

Sch. of Manage., Harbin Inst. of Technol., Harbin, China

fYear

2010

fDate

24-26 Nov. 2010

Firstpage

625

Lastpage

630

Abstract

Virtual world provides online environments where participants engage in socialization, entertainment, education, and business. There are also huge opportunities for electronic commerce in the near future. Several studies have explored the impacts of virtual worlds on realities. However, is virtual world really virtual? How does real world influence activities in virtual worlds? This paper attempts to understand the influence of real world house price on virtual world land price with data collected from SecondLife.com and federal housing finance agency of USA. The result reveals that land price in virtual world is significantly associated with real world land price.

Keywords

electronic commerce; real estate data processing; virtual reality; USA; electronic commerce; federal housing finance agency; land price; real world influence; second life; virtual world; Avatars; Biological system modeling; Companies; Electronic commerce; Games; Second Life; electronic commerce; second life; virtual land price; virtual world;

fLanguage

English

Publisher

ieee

Conference_Titel

Management Science and Engineering (ICMSE), 2010 International Conference on

Conference_Location

Melbourne, VIC

ISSN

2155-1847

Print_ISBN

978-1-4244-8116-3

Type

conf

DOI

10.1109/ICMSE.2010.5719868

Filename

5719868