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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.

sci-hub.se

sci-hub website. get free access to academic journals. download research papers for free from sciencedirect, ieee, wiley, springer, nature and others

scientific.net

scientific.net, the trademark of trans tech publications ltd., is one of the largest web resources, publishes peer-reviewed academic journals and book series in field of materials science and engineering.

sciencecouncil.org

National Apprenticeship Week 2026 (9th – 15th February) was a celebration of talent, opportunity and the power of vocational routes into science. This year’s theme, Skills for Life, resonated strongly across our activities, as the Science Council highlighted the value of science apprenticeships, the vital role professional registration plays in supporting apprentice development, and the professional registration application process.  Tyler Harvey-Cowlishaw, Science Apprenticeship Ambassador and […]

computer.org

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