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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.

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NuFact 2021 is the twentysecond in the series of yearly international workshops which started in 1999.  The main goal of the workshop is to review the progress of current and future facilities able to improve on measurements of the properties of neutral and charged lepton flavor violation, as well as searches for new phenomena beyond the capabilities of presently planned experiments. A special session on Diversity, Outreach & Education will also be held as well as a poster session.   For the...

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