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HAVE FUN! Sounds like an awful task to me... but impressive if you pull it off!
I mean, it's my job, and I could probably get a publication out of it, depending on how much previous work has been done in it, and how much anti-bitcoin bias and anti-small-platform bias there is within academia (which I will probably test soon with that other paper)
From my very unrepresentative experience, that bias is very strong.
I'm genuinely worried about it. I submitted the paper on SSRN (not peer reviewed, but i think they do a basic check to see if seems scientifically serious), and it's been sitting under review for much longer than I'm used to for SSRN
What kind of fringe weirdo would be interested in understanding the 12th largest asset in the world?
He'll get it all worked out and then k00b will do an experiment that blows it all to hell.
For this particular case, I feel like theory without empirics would be sufficient to count as a contribution.
I meant he might introduce some mechanism that proves to be analytically intractable.
I have a feeling it's already analytically intractable haha
The one time I tried to really think it through, I concluded that it almost certainly is (at least without major simplifying behavioral assumptions).
What I'm completely certain of is that the rewards incentives are not salient (in the sense experimentalists use the term), so working out equilibria that don't include the cognitive costs to agents would be pretty pointless (other than as an intellectual curiosity).
It does suspiciously sound like some sort of side payments system... the neutral folks are bought off by the money of the motivated folks... or something like that.
Would be cool to work out a fully specified mathematical model of the SN mechanism, constructed as a mechanism design problem with cardinal utility and payments.