Modeling Loss Aversion in High-Stakes Game Scenarios
Shirley Ramirez 2025-02-06

Modeling Loss Aversion in High-Stakes Game Scenarios

Thanks to Shirley Ramirez for contributing the article "Modeling Loss Aversion in High-Stakes Game Scenarios".

Modeling Loss Aversion in High-Stakes Game Scenarios

This study investigates the economic systems within mobile games, focusing on the development of virtual economies, marketplaces, and the integration of real-world currencies in digital spaces. The research explores how mobile games have created virtual goods markets, where players can buy, sell, and trade in-game assets for real money. By applying economic theories related to virtual currencies, supply and demand, and market regulation, the paper analyzes the implications of these digital economies for the gaming industry and broader digital commerce. The study also addresses the ethical considerations of monetization models, such as microtransactions, loot boxes, and the implications for player welfare.

Gaming culture has evolved into a vibrant and interconnected community where players from diverse backgrounds and cultures converge. They share strategies, forge lasting alliances, and engage in friendly competition, turning virtual friendships into real-world connections that span continents. Beyond gaming itself, this global community often rallies around charitable causes, organizing fundraising events, and using their collective influence for social good, showcasing the positive impact of gaming on society.

This study examines the political economy of mobile game development, focusing on the labor dynamics, capital flows, and global supply chains that underpin the mobile gaming industry. The research investigates how outsourcing, labor exploitation, and the concentration of power in the hands of large multinational corporations shape the development and distribution of mobile games. Drawing on Marxist economic theory and critical media studies, the paper critiques the economic models that drive the mobile gaming industry and offers a critical analysis of the ethical, social, and political implications of the industry's global production networks.

This study examines the ethical implications of data collection practices in mobile games, focusing on how player data is used to personalize experiences, target advertisements, and influence in-game purchases. The research investigates the risks associated with data privacy violations, surveillance, and the exploitation of vulnerable players, particularly minors and those with addictive tendencies. By drawing on ethical frameworks from information technology ethics, the paper discusses the ethical responsibilities of game developers in balancing data-driven business models with player privacy. It also proposes guidelines for designing mobile games that prioritize user consent, transparency, and data protection.

This study compares the educational efficacy of mobile games designed for learning with those created purely for entertainment purposes, examining their impacts on knowledge retention, critical thinking, and problem-solving skills. Drawing from educational theory, cognitive psychology, and game design, the research evaluates how various game mechanics—such as points, challenges, and feedback loops—affect learning outcomes. The paper investigates how mobile games can bridge the gap between fun and education, proposing a framework for creating hybrid games that are both enjoyable and educational. The research also addresses the challenges of assessing learning outcomes in gamified environments and the role of player motivation in educational success.

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