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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.

jeffandersonmath.wordpress.com

One of the principles I want to work towards as a content creator is transparency. I want to be transparent about my plans for the money I make and my long-term goals for my work as an author. Here…

csinva.io

let's do good with models

rc476.user.srcf.net

the website of richard chapling, graduate student in mathematics at the university of cambridge

maths.uok.edu.in

offical web site of university of kashmir