u/Maleficent-Ad-5181

Just started studying this, would love some insight

His 2007 paper on repugnant markets seems to argue that markets are impacted more by social objection than inefficiency.

His thesis makes sense, but I was left with one big question. Do experts treat repugnance as a fixed input or as something that depends on the specific design of the market?

Where should i look to get more clarity and information on this topic? Really trying to nail down whether repugnance is generally modeled as exogenous to the design, or as endogenous to it.

His kidney exchange example also seems to argue that you can take a repugnant exchange and redesign it into an acceptable one without changing the underlying transfer of resources market, but I'd love some feedback on that conclusion.

Additionally, if I am interested in market design who should I study next?

With the rise of prediction markets, anything and everything is being traded on. I'm curious if there's actual literature on how being the subject of an external forecast changes behavior.

Does it collapse the prediction (self-fulfilling), invert it (reactance), or do most people ignore it all together?

Reflexivity in Soros's sense is the closest thing I've found but that's markets not people. looking for real citations if anyone has them.

not looking for the generic "regulation bad" answer. curious what actually bothers you as someone who uses these. A few issues stand out to me initially...

1. Predictions in general are fairly low trust. Some have lied to users and some have been accused of more serious things.
2. The house always wins. lots of platforms quietly favor the operator instead of the users
3. Influence on elections and fraud in politics is a real risk for officials obsessed with profits

What's your list and are they fixable? What is your proposed solution?

not looking for the generic "regulation bad" answer. curious what actually bothers you as someone who uses these. A few issues stand out to me initially...

1. Predictions in general are fairly low trust. Some have lied to users and some have been accused of more serious things.

2. The house always wins. lots of platforms quietly favor the operator instead of the users

3. Influence on elections and fraud in politics is a real risk for officials obsessed with profits

What's your list and are they fixable? What is your proposed solution?

This is either the most honest post you'll read today or the dumbest. Possibly both.

Context: I'm building Pauv, we let you trade on the public sentiment of people. Think Kalshi, but for the cultural relevance of a person. You see a musician, or politician or streamer and you can make money if they become more popular. We went live last month.

The actual scoreboard:

• Raised: $140k
• Spent: $120k
• Revenue to date: $10

That ten dollars is real. It's our platform fee from people actually using the thing. I will not pretend it wasn't a little funny watching a notification come in for the price of a sandwich a few weeks after wiring five figures to a law firm.

Where the $120k went, roughly in order of "ouch":

• Outside legal and regulatory counsel. By a mile the biggest line. A product that sits anywhere near markets, money, and people's names is a legal minefield, and you pay for someone to walk you through it before you launch, not after.
• Compliance and registration. MSB registration, the AML program, KYC, sanctions screening. None of it is visible to users. All of it is non-optional.
• Engineering. The pricing engine is the whole product and it took real time to build right.
• Payments infrastructure.
• The boring rest: a small team, content, paid user testing, and a house in Austin so we could all just grind in one room.

Here's the part I actually believe, even at $10 MRR: almost none of that spend was the product. It was the permission to ship the product at all. The stuff that looks like nothing on a P&L is the exact stuff that kills companies in this space when they skip it. We chose to spend the first six figures buying a foundation instead of buying growth.

Was that the right call? Genuinely not sure yet. Ask me in three months when the number is either $10 or not.

For the people who've launched in regulated or quasi-regulated spaces: did you front-load the legal and compliance spend like this, or ship lean and fix it as you grew? Curious how many of you would do it differently.

https://preview.redd.it/hsjxm61svw8h1.png?width=773&format=png&auto=webp&s=2c110a61dd992f1fba683c8ca56e9b0bca86e856

3 weeks ago, we made 2 IG accounts promoting our website and we just hit 100 million views.

We literally posted around 120 times a day. No shadow ban, no rate limiting, no trial reels. Literally just posting non stop for 8 hrs (deadahh). While that's all fine and dandy, its been a struggle converting viewers to users.

We've seen this: 0.028% of viewers follow (exact figure) and 0.012% of followers become users (exact figure). Definitely brute force, but it's gotten us users without any paid ads...so it's worth it

Hiring computer job, but no tech experience required. Lunch provided!

8am -noon, M-F. June + July

In Austin, TX. Wifi + computer provided. Just bring yourself.

Paying $50/day for 4 hrs of work

email aiden@pauv.com if interested