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researchgate.net

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

mdpi.com

MDPI is a publisher of peer-reviewed, open access journals since its establishment in 1996.

scopus.com

elsevier’s scopus, the largest abstract and citation database of peer-reviewed literature. search and access research from the science, technology, medicine, social sciences and arts and humanities fields.

overleaf.com

An online LaTeX editor that’s easy to use. No installation, real-time collaboration, version control, hundreds of LaTeX templates, and more.

tandfonline.com

search and explore the millions of quality, peer-reviewed journal articles published under the taylor & francis and routledge imprints.

hpscreg.eu

hpscreg - human pluripotent stem cell registry

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.