Midterm: Virtual Reality Flashcards
- a computer-generated simulation that immerses users in an artificial environment using specialized hardware such as headsets and controllers.
Virtual Reality
- overlays digital information onto the real world
Augmented Reality
- creates a fully immersive digital environment that stimulates the senses, providing visual, auditory, and tactile experiences
Virtual Reality
4 Key Components How VR Works
- Headsets
- Controllers and Sensors
- Haptic Feedback Devices
- Software Algorithms
Key Components How VR Works:
- Provide visual and auditory immersion.
Headsets
Key Components How VR Works:
- Track user movements and enable interaction within the virtual space.
Controllers and Sensors
Key Components How VR Works:
- Deliver a sense of touch through vibrations and force feedback.
Haptic Feedback Devices
Key Components How VR Works:
- Generate responsive and adaptive environments.
Software Algorithms
3 Economic Sustainability
- Cost-Benefit Analysis (CBA)
- Full-Cost Pricing
- External Costs and Social Costs
Economic Sustainability:
- A systematic approach to evaluate the pros and cons of a particular action.
Cost-Benefit Analysis
Economic Sustainability:
- Effective in resource allocation and decision-making.
Cost-Benefit Analysis
Economic Sustainability:
- Relies on judgments to estimate costs and benefits, especially when full data is unavailable.
Cost-Benefit Analysis
Economic Sustainability:
- Incorporates all private and external costs into the price of goods and services.
Full-Cost Pricing
Economic Sustainability:
- Provides consumers with a clearer understanding of the environmental impact of their consumption choices.
Full-Cost Pricing
Economic Sustainability:
- Implementing full-cost pricing involves internalizing these costs, ensuring that the polluter or the consumer bears the true environmental expense.
External Costs and Social Costs
Economic Sustainability:
- Unintended side effects of production that affect third parties (e.g., pollution from a factory).
External Costs
Economic Sustainability:
- The sum of private and external costs.
Social Costs
