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"Watch out for that Floogit! Measuring Risk in Virtual Reality"

6/5/2018

 
Presenters: Tzu-Hsin (Kelsy) Chou, Sharmin Shanu, Oral Presentation
Research Title: Watch out for that Floogit! Measuring Risk in Virtual Reality (Special Call: Computer Gaming, funded in part by the UCI eSports Initiative) 
Faculty Advisor: Susanne Jaeggi
Mentors: Emily Sumner, Grace Lin 

Abstract

​We all have individual differences when it comes to taking risks, and these differences be found in daily tasks such as deciding what to do when you approach a stoplight which is turning yellow. Some people would choose to speed up and cross the road when they see the yellow light while others would choose to slow down and stop to wait for the green light. Some people take too many risks, some people take too few risks. Either way can be detrimental. Given the importance of these differences, it is crucial to measure individuals’ risk taking behaviors properly. For this project, we developed and validated a new way of measuring risk-taking by immersing participants in virtual reality setting. We created a virtual reality measure of risk propensity called Shima. Shima is a virtual reality measure of risk propensity. In this game, you are a photographer on an island inhabited by new species of animals. Your goal is to get as close as you can to each animal and take their picture. The closer you get, the more points you get. But if you get too close, the animal gets scared and runs away. Through the real life lens of the oculus, the participants are able to experience risk-taking behavior more vividly. This makes measuring their inclination to take risks more accurate and realistic than previous method (BART and Iowa gambling task). We have been further refining this measure by using Concurrent Think Aloud Talk (CTA), Retrospective Think Aloud Method (RTA), as well as numerical metrics to analyze the participants’ behavior. 
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