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researchgate.net

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mdpi.com

MDPI is a publisher of peer-reviewed, open access journals since its establishment in 1996.

innovation.ca

Learn more about the Canada Foundation for Innovation's mandate as a non-profit corporation, its history of research infrastructure support and its current governance.

cifar.ca

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citlprojects.com

Some of the popular IoT AI-based projects include smart home automation, industrial process optimization, healthcare monitoring, and smart city management

polymtl.ca

Fondée en 1873, Polytechnique Montréal est l'un des plus importants établissements d'enseignement et de recherche en génie au Canada. Découvrez tous les programmes qui s'offrent à vous!

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.