[NRG] Reminder: Michel: Greedy in Approximation Algorithms @ Mon Apr 12 4pm - 5:30pm (NRG at BU)

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Sun Apr 11 16:00:20 EDT 2010


This is a reminder for:

Title: Michel: Greedy in Approximation Algorithms
Title: The Democratization of Personal Consumer Loans?
Determinants of Success in Online Peer-to-Peer Lending Communities

Speaker: Michel Machado

Abstract:
Online peer-to-peer (P2P) lending communities enable individual consumers  
to borrow from, and lend money to, one another directly. We study the  
borrower-and loan listing-related determinants of funding success in an  
online P2P lending community by conceptualizing loan
decision variables (loan amount, interest rate offered, duration of loan
listing) as mediators between borrower attributes such as demographic  
characteristics, financial strength, and effort prior to making the  
request, and the likelihood of funding success.
Borrower attributes are also treated as moderators of the effects of loan  
decision variables on funding success. The results of our empirical study,  
conducted using a database of 5,370 completed P2P loan transactions,  
provide support for the proposed conceptual framework. Although demographic  
attributes such as race and gender do affect likelihood of funding success,  
their effects are very small in comparison to effects of borrowers’  
financial strength and their effort when listing and
publicizing the loan. These results are substantially different from the  
documented discriminatory practices of US financial institutions,  
suggesting that individual lenders lend more fairly when their own  
investment money is at stake in P2P loans. The paper concludes with
specific suggestions to borrowers to increase their chances of receiving  
funding in P2P lending communities, and a discussion of future research  
opportunities.

Link to the paper



When: Mon Apr 12 4pm – 5:30pm Eastern Time
Where: CS Grad Lounge
Calendar: NRG at BU
Who:
     * Jorge Londono - creator

Event details:  
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