Wide and deep learning for peer-to-peer lending
نویسندگان
چکیده
منابع مشابه
Peer-to-peer lending and bias in crowd decision-making
Peer-to-peer lending is hypothesized to help equalize economic opportunities for the world's poor. We empirically investigate the "flat-world" hypothesis, the idea that globalization eventually leads to economic equality, using crowdfinancing data for over 660,000 loans in 220 nations and territories made between 2005 and 2013. Contrary to the flat-world hypothesis, we find that peer-to-peer le...
متن کاملThe Business Models and Economics of Peer-to-Peer Lending
This paper reviews peer-to-peer (P2P) lending, its development in the UK and other countries, and assesses the business and economic policy issues surrounding this new form of intermediation. P2P platform technology allows direct matching of borrowers’ and lenders’ diversification over a large number of borrowers without the loans having to be held on an intermediary balance sheet. P2P lending ...
متن کاملSocial Influence and Defaults in Peer-to-Peer Lending Networks
We assess social influence on borrowers’ default decisions in a peer-to-peer lending market. Our analysis suggests that online borrowers are significantly influenced by defaults in their social networks. A friend’s default decision more than doubles a user’s default rate. We also find that not all friends have equal influences. The social influence is highly significant among online friends mad...
متن کاملOnline Peer-to-Peer Lending: A Lenders' Perspective
Online Peer-to-Peer lending platforms claim to be beneficial for both borrowers and lenders by eliminating expensive intermediaries and reducing transaction costs. However, are the often inexperienced lenders who operate in a pseudonymous online environment with potentially significant information asymmetries really able to obtain an attractive return on their investment? This paper discusses t...
متن کاملOnline Peer-to-Peer Lending – A Literature Review
The term online peer-to-peer lending (P2P) describes the loan origination process between private individuals on online platforms were financial institutions operate only as intermediates required by law. Initialized by groups in online social networks, first commercial online P2P lending platforms started in 2005. Thus online P2P lending is a relatively young research field. This paper gives a...
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ژورنال
عنوان ژورنال: Expert Systems with Applications
سال: 2019
ISSN: 0957-4174
DOI: 10.1016/j.eswa.2019.05.042