Top 10 dspace.mit.edu Wettbewerber

arxiv.org

A system of non-tradable credits that flow between individuals like karma, hence proposed under that name, is a mechanism for repeated resource allocation that comes with attractive efficiency and fairness properties, in theory. In this study, we test karma in an online experiment in which human subjects repeatedly compete for a resource with time-varying and stochastic individual preferences or urgency to acquire the resource. We confirm that karma has significant and sustained welfare benefits even in a population with no prior training. We identify mechanism usage in contexts with sporadic high urgency, more so than with frequent moderate urgency, and implemented as a simple (binary) karma bidding scheme as particularly effective for welfare improvements: relatively larger aggregate efficiency gains are realized that are (almost) Pareto superior. These findings provide guidance for further testing and for future implementation plans of such mechanisms in the real world.

library.cornell.edu

Start on the Library Homepage While off-campus, start your search on the library home page for full access to our online journals and other resources. When you ...

searchworks.stanford.edu

stanford libraries' official online search tool for books, media, journals, databases, government documents and more.

ieeexplore.ieee.org

ieee xplore, delivering full text access to the world's highest quality technical literature in engineering and technology. | ieee xplore

dl.acm.org

acm digital library home page

journals.aps.org

physical review journals

semanticscholar.org

Learn how to use semanticscholar.org with these short tutorials.