Peer Effect on Consumer Default Decision: Evidence From Online Lending Platform

2019 ◽  
Author(s):  
Emma Li ◽  
Li Liao ◽  
Zhengwei Wang ◽  
Xincheng Wang
Keyword(s):  
Peer Effect ◽  
Consumer Default ◽  
Online Lending

scholarly journals The Effect of Social Behavior on Residential Water Consumption

Water ◽  
2021 ◽  
Vol 13 (9) ◽  
pp. 1184
Author(s):  
Daniel Morales Martínez ◽  
Alexandre Gori Maia
Keyword(s):  
Water Consumption ◽  
Spatial Dependence ◽  
Regression Models ◽  
Innovative Strategy ◽  
Peer Effect ◽  
Household Level ◽  
Level Data ◽  
Household Water ◽  
Residential Water Consumption ◽  
Residential Water

We analyze how residential water consumption is influenced by the consumption of households belonging to the same social group (peer effect). Analyses are based on household-level data provided by the Brazilian Household Budget Survey and use an innovative strategy that estimates the spatial dependence of water consumption while simultaneously controlling for potential sources of sample selectivity and endogeneity. The estimates of our quantile regression models highlight that, conditional on household characteristics, the greater the household water consumption, the greater the peer effect. In other words, the overconsumption of residential water seems to be influenced mainly by the behavior of social peers.

scholarly journals The peer effect on pain tolerance

2018 ◽  
Vol 18 (3) ◽  
pp. 467-477 ◽  
Author(s):  
Solveig Engebretsen ◽  
Arnoldo Frigessi ◽  
Kenth Engø-Monsen ◽  
Anne-Sofie Furberg ◽  
Audun Stubhaug ◽  
...  
Keyword(s):  
Social Network ◽  
Social Environment ◽  
Cold Pressor Test ◽  
Cold Pressor ◽  
Pain Tolerance ◽  
Potential Candidate ◽  
Peer Effect ◽  
Influence Effect ◽  
The Social ◽  
Average Pain

Abstract Background and aims Twin studies have found that approximately half of the variance in pain tolerance can be explained by genetic factors, while shared family environment has a negligible effect. Hence, a large proportion of the variance in pain tolerance is explained by the (non-shared) unique environment. The social environment beyond the family is a potential candidate for explaining some of the variance in pain tolerance. Numerous individual traits have previously shown to be associated with friendship ties. In this study, we investigate whether pain tolerance is associated with friendship ties. Methods We study the friendship effect on pain tolerance by considering data from the Tromsø Study: Fit Futures I, which contains pain tolerance measurements and social network information for adolescents attending first year of upper secondary school in the Tromsø area in Northern Norway. Pain tolerance was measured with the cold-pressor test (primary outcome), contact heat and pressure algometry. We analyse the data by using statistical methods from social network analysis. Specifically, we compute pairwise correlations in pain tolerance among friends. We also fit network autocorrelation models to the data, where the pain tolerance of an individual is explained by (among other factors) the average pain tolerance of the individual’s friends. Results We find a significant and positive relationship between the pain tolerance of an individual and the pain tolerance of their friends. The estimated effect is that for every 1 s increase in friends’ average cold-pressor tolerance time, the expected cold-pressor pain tolerance of the individual increases by 0.21 s (p-value: 0.0049, sample size n=997). This estimated effect is controlled for sex. The friendship effect remains significant when controlling for potential confounders such as lifestyle factors and test sequence among the students. Further investigating the role of sex on this friendship effect, we only find a significant peer effect of male friends on males, while there is no significant effect of friends’ average pain tolerance on females in stratified analyses. Similar, but somewhat lower estimates were obtained for the other pain modalities. Conclusions We find a positive and significant peer effect in pain tolerance. Hence, there is a significant tendency for students to be friends with others with similar pain tolerance. Sex-stratified analyses show that the only significant effect is the effect of male friends on males. Implications Two different processes can explain the friendship effect in pain tolerance, selection and social transmission. Individuals might select friends directly due to similarity in pain tolerance, or indirectly through similarity in other confounding variables that affect pain tolerance. Alternatively, there is an influence effect among friends either directly in pain tolerance, or indirectly through other variables that affect pain tolerance. If there is indeed a social influence effect in pain tolerance, then the social environment can account for some of the unique environmental variance in pain tolerance. If so, it is possible to therapeutically affect pain tolerance through alteration of the social environment.

Consumer Default, Credit Reporting, and Borrowing Constraints

2017 ◽  
Vol 72 (5) ◽  
pp. 2331-2368 ◽  
Author(s):  
MARK J. GARMAISE ◽  
GABRIEL NATIVIDAD
Keyword(s):  
Borrowing Constraints ◽  
Credit Reporting ◽  
Consumer Default

scholarly journals Performance Analysis of Peer-to-Peer Online Lending Platforms in China

2018 ◽  
Vol 10 (9) ◽  
pp. 2987 ◽  
Author(s):  
Pingfan Song ◽  
Yunzhi Chen ◽  
Zhixiang Zhou ◽  
Huaqing Wu
Keyword(s):  
Risk Management ◽  
Information Disclosure ◽  
Peer To Peer ◽  
The State ◽  
Enterprise Group ◽  
Measure Data ◽  
Unexpected Result ◽  
Data Envelopment ◽  
State Owned Enterprise ◽  
Online Lending

In this paper we intend to check the performance of Peer-to-Peer online lending platforms in China. Different from commercial banks, Peer-to-Peer (P2P) platforms’ business process is divided into the market-expanding stage and the risk-managing stage. In the market-expanding stage, platforms are intended to help borrowers attain more money, and in the risk-managing stage, platforms try their best to ensure that the lenders’ money is repaid on time. Thus, with a sample of 66 leading big P2P platforms, and a novel two-stage slacks-based measure data envelopment analysis with non-cooperative game, the performance efficiency of each stage as well as the comprehensive efficiency are evaluated. The results show that the leading big platforms are good at managing the risk, although risk management is not the major concern of most P2P platforms in China. We also find that average performance efficiency of the platforms that are located in non-first tier cities is higher than that in first tier cities. This unexpected result indicates that development of the P2P industry may relieve the severe distortion of resource allocation and efficiency loss arising from unbalanced regional development. Then dividing the platforms into different groups according to different types of ownership, we verify that performance efficiency of the P2P platforms from the state-owned enterprise group is in a dominant position, and the robustness check indicates that the major advantage of the state-owned enterprise (SOE) group mainly lies in the risk management. We also make a further study to figure out the sources of inefficiency, finding that it mainly arises from the shortage of lenders, the lack of average borrowing balance, and the insufficient transparency of information disclosure. In the last section we conclude our research and propose some advice.

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