Artificial Currency

Artificial currencies are alternative resource allocation mechanisms designed to overcome limitations of traditional monetary systems, particularly in addressing issues like public goods, externalities, and inequality. Current research focuses on developing and refining these systems, including exploring models like "Karma" systems that incentivize resource contribution and consumption based on inherent resource value, and data-driven pricing schemes using reinforcement learning to optimize resource allocation in dynamic environments like transportation networks. These efforts aim to improve efficiency and fairness in resource distribution across various applications, offering a potential paradigm shift in how we manage shared resources and incentivize prosocial behavior.