Title
Herding in a P2P lending market: Rational inference OR irrational trust?
Abstract
•We examine the relationship between prior cumulative biddings and current biddings in P2P market.•We using hourly panel data and divide lenders' biddings into manual and auto biddings.•Lenders herd when we control for the percentage funded and time-limit effects.•Find evidence support both rational and irrational herding exist in P2P lending markets.
Year
DOI
Venue
2017
10.1016/j.elerap.2017.04.001
Electronic Commerce Research and Applications
Keywords
Field
DocType
Herding,Information asymmetry,Irrational herding,P2P lending,Rational herding
Loan,Financial economics,Information asymmetry,Computer science,Inference,Commerce,Irrational number,Herding,Herd
Journal
Volume
ISSN
Citations 
23
1567-4223
4
PageRank 
References 
Authors
0.44
4
2
Name
Order
Citations
PageRank
Ke Zhang17521.74
Xiaoxue Chen2102.88