Top 10 ethos.bl.uk 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.

researchgate.net

Access 160+ million publication pages and connect with 25+ million researchers. Join for free and gain visibility by uploading your research.

ideas.repec.org

We discuss climate change and resource scarcity from the perspective of macroeconomic modeling and quantitative evaluation. Our focus is on climate change: we build a very simple “integrated assessm

projecteuclid.org

In this paper we study the relative Chow and $K$-stability of toric manifolds. First, we give a criterion for relative $K$-stability and instability of toric Fano manifolds in the toric sense. The reduction of relative Chow stability on toric manifolds will be investigated using the Hibert-Mumford criterion in two ways. One is to consider the maximal torus action and its weight polytope. We obtain a reduction by the strategy of Ono [34], which fits into the relative GIT stability detected by Székelyhidi. The other way relies on $\mathbb{C}^*$-actions and Chow weights associated to toric degenerations following Donaldson and Ross-Thomas [13, 36]. In the end, we determine the relative $K$-stability of all toric Fano threefolds and present counter-examples which are relatively $K$-stable in the toric sense but which are asymptotically relatively Chow unstable.

imperial.ac.uk

Beyond Open Research: Understanding what matters for quality and reliability

kellogg.northwestern.edu

Our business school develops leaders who inspire growth in people, organizations and markets. Learn about our MBA, EMBA, and Executive Education Programs.