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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.

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

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idsia.ch

The Institute, which is internationally recognised as one of the pioneering centres in AI studies, carries out basic and applied research in the field of artificial intelligence with important spin-offs for both industry and the economy, in cooperation with industry and institutions.

academics.lafayette.edu

Some students even go on to co-author papers with professors and present findings at scientific conferences. EXCEL Scholars What is the EXCEL Scholars program? Only one of the richest educational experiences you can have as a college student! Get connected with a professor to work and learn together as one of our EXCEL Scholars. Learn […]

biology.utah.edu

Clear Read More Fred AdlerProfessor of Biology and of Mathematics | Director, School of Biological Sciences Interest Areas:Coevolutionary BiologyEcology & Conservation BiologyEvolution & Biodiversity Read...

molbiosci.rutgers.edu

Molecular Biosciences is an umbrella program that administers five graduate programs in the biomedical and life sciences at Rutgers University. Molecular Biosci