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theatlantic.com

Since 1857, The Atlantic has been a magazine of ideas—a home to the best writers and boldest minds, who bring clarity and original thinking to the most important issues of our time.

nature.com

Nature is the foremost international weekly scientific journal in the world and is the flagship journal for Nature Portfolio. It publishes the finest ...

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.

washingtonpost.com

Breaking news, live coverage, investigations, analysis, video, photos and opinions from The Washington Post. Subscribe for the latest on U.S. and international news, politics, business, technology, climate change, health and wellness, sports, science, weather, lifestyle and more.

sciencedirect.com

sciencedirect is the world's leading source for scientific, technical, and medical research. explore journals, books and articles.

philpapers.org

Recent books and articles in Philosophy

proquest.com

proquest powers research in academic, corporate, government, public and school libraries around the world with unique content. explore millions of resources from scholarly journals, books, newspapers, videos and more.

onlinelibrary.wiley.com

one of the largest and most authoritative collections of online journals, books, and research resources, covering life, health, social, and physical sciences.

academic.oup.com

Oxford Academic

substack.com

A place for creative freedom, direct connections, and a business built on subscriptions