@inproceedings{8acb2982db5f4f0f9e39ee0a79b0f81b,
title = "Social influence and defaults in peer-topeer lendingnetworks",
abstract = "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 made through the peer-to-peer lending site. Social influence is much weaker in magnitude among offline friendships that were carried over to the peer-to-peer lending site.",
keywords = "Empirical analysis, Peer-to-peer lending, Social influence",
author = "Yong Lu and Bin Gu and Qiang Ye and Zhexiang Sheng",
year = "2012",
language = "English (US)",
isbn = "9781627486040",
series = "International Conference on Information Systems, ICIS 2012",
pages = "1797--1813",
booktitle = "International Conference on Information Systems, ICIS 2012",
note = "International Conference on Information Systems, ICIS 2012 ; Conference date: 16-12-2012 Through 19-12-2012",
}