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Virtual wealth realization in virtual and real worlds
Jingzhi Guo1; Angelina Chow1; Zhiguo Gong1; Chengzheng Sun2
Conference NameIEEE International Conference on e-Business Engineering
Source Publicationproceedings of 2009 IEEE International Conference on e-Business Engineering
Conference DateOCT 21-23, 2009
Conference PlaceMacau, PEOPLES R CHINA

This paper has investigated the issue of virtual wealth and its realization in both real and virtual worlds, and argued that the realization of virtual wealth is necessary and possible. On the formation of virtual wealth, it has studied the labor theory of value, exchangeable value, and utility theory. From these theories, it has successfully explained the nature of virtual wealth that has difficulties in realization within a closed virtual world. It thus promotes an open virtual world for virtual wealth realization. In finding the approach to open virtual world, key elements about open virtual world are discussed. Based on the assumed open virtual world, the classification, measurement and factors of change on virtual wealth are described, and the methods of realizing virtual wealth in both virtual and real worlds are proposed. To validate the method, an accountability matrix is proposed and used to analyzing the case of Second Life virtual world. © 2009 IEEE.

URLView the original
Indexed BySCI
WOS Research AreaComputer Science ; Engineering
WOS SubjectComputer Science, Information Systems ; Engineering, Electrical & Electronic
WOS IDWOS:000275318100011
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Cited Times [WOS]:8   [WOS Record]     [Related Records in WOS]
Document TypeConference paper
Affiliation1.Department of Computer and Information Science, University of Macau Av. Padre Tomás, Pereira, S.J., Taipa, Macau, Tel: +853-83974890
2.Nanyang Technological University School of Computer Engineering
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Jingzhi Guo,Angelina Chow,Zhiguo Gong,et al. Virtual wealth realization in virtual and real worlds[C],2009:85-94.
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