Top 10 cmm.uchile.cl Competitors

arxiv.org

We perform a behavioral experiment of karma, a class of mechanisms for repeated resource allocation with attractive fairness and efficiency properties, in theory. Individuals in these mechanisms bid non-tradable credits that flow from resource consumers to yielders, like karma. Human subjects recruited on Amazon MTurk are repeatedly and randomly paired to bid karma according to time-varying and stochastic individual preferences or urgency to acquire resources. Treatments varied in the dynamic urgency process (frequent moderate urgency versus sporadic high urgency) and the richness of the bidding scheme (binary versus full range). Results are benchmarked against random allocation, and karma achieves a (almost) Pareto improvement over random, despite the MTurk subjects deviating significantly from the theoretically optimal Nash bidding policy. Maximum improvement is attained by subjects that deviate from Nash by up to one karma bid unit on average, and positive improvement is attained with average deviations of up to 3-4 bid units. These findings hold across all treatments, among which no significant differences are found, with the exception of the sporadic high urgency process with binary bidding treatment being (weakly) favorable over others. These results offer behaviorally robust lower bounds for the expected performance of karma in human populations. They also provide guidance for future testing and implementation of karma mechanisms in the real world.

overleaf.com

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mat.uc.cl

• El miércoles 10 de diciembre, de 9 a 13 horas, la Facultad abrirá sus puertas para que alumnos de III y IV Medio se adentren al mundo de la Licenciatura en Matemáticas y Estadística. 

u-cursos.cl

plataforma de apoyo a la docencia presencial

atcold.github.io

Every time I keep repeating myself I feel the urge to write things down so that I can simply point such resource in future occasions. Every semester I start my course showing a collection of visual resources for priming my students’ mental picture muscle. By the end of the semester, they are usually able to see a little more.

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