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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.

github.com

Join the world's most widely adopted, AI-powered developer platform where millions of developers, businesses, and the largest open source community build software that advances humanity.

scholar.google.com

google scholar provides a simple way to broadly search for scholarly literature. search across a wide variety of disciplines and sources: articles, theses, books, abstracts and court opinions.

inkandswitch.com

Discovering a dynamic medium for sketching ideas where adding behaviors and interaction is as natural as applying ink to paper.

tech.facebook.com

News about the technology Meta researchers and engineers are building, in particular AI, virtual reality, augmented reality, engineering, and gaming.

hhi.fraunhofer.de

6g, glasfaser, ki, videokodierung, batterien und vieles mehr - wir forschen für eine grüne und nachhaltige digitalisierung.

snolab.ca

We can’t see it or feel it but the surface of the Earth is constantly bombarded by a steady stream of subatomic particles from space called cosmic rays. These high energy particles originate in the…

mpi-halle.mpg.de

Max-Planck-Institut für Mikrostrukturphysik