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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.

overleaf.com

An online LaTeX editor that’s easy to use. No installation, real-time collaboration, version control, hundreds of LaTeX templates, and more.

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.

linkedin.com

1 billion members | Manage your professional identity. Build and engage with your professional network. Access knowledge, insights and opportunities.

reddit.com

reddit is a network of communities where people can dive into their interests, hobbies and passions. there's a community for whatever you're interested in on reddit.

drive.google.com

learn how the suite of secure, online tools from google workspace empowers teams of all sizes to do their best work.

youtube.com

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state-space.ieeecss.org

a discussion forum for the ieee css.