Paper Abstract and Keywords |
Presentation |
2008-09-16 15:50
An Interest Rate Adjusting Mechanism in Consideration of Payment Histories of Groups to which a borrower belongs in Social Lending Masashi Iwakami, Takayuki Ito (Nagoya Institute of Tech.) AI2008-23 |
Abstract |
(in Japanese) |
(See Japanese page) |
(in English) |
In social lending, in which an individual lends or borrows money using an SNS network,
a person who lends money must take a risk that the money won't be returned.
Since social lending is a comparatively new field, the mechanism is designed experientially in many cases.
In this paper, we propose a mechanism to adjust an interest rate.
We present an experimental assessment of the influence
of the updating of an interest rate using Bayesian estimation,
which takes into consideration the payment history of groups with agents.
We discuss the influence on a payment delay rate by making a borrower belong to the group.
Our method decreases dispersions of the delay of the borrower in payment
with the increasing loan history of the borrower.
As a result, when the lenders are risk-averse, the number of transactions increases.
Therefore, our method is effective because it can cause the transactions of lenders who are risk-averse to increase. |
Keyword |
(in Japanese) |
(See Japanese page) |
(in English) |
Social Lending / Bayesian Estimation / / / / / / |
Reference Info. |
IEICE Tech. Rep., vol. 108, no. 208, AI2008-23, pp. 39-44, Sept. 2008. |
Paper # |
AI2008-23 |
Date of Issue |
2008-09-09 (AI) |
ISSN |
Print edition: ISSN 0913-5685 Online edition: ISSN 2432-6380 |
Copyright and reproduction |
All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034) |
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AI2008-23 |
Conference Information |
Committee |
AI |
Conference Date |
2008-09-16 - 2008-09-16 |
Place (in Japanese) |
(See Japanese page) |
Place (in English) |
Kyoto Univ. Clock Tower |
Topics (in Japanese) |
(See Japanese page) |
Topics (in English) |
Social Interaction and Intelligence, etc. |
Paper Information |
Registration To |
AI |
Conference Code |
2008-09-AI |
Language |
Japanese |
Title (in Japanese) |
(See Japanese page) |
Sub Title (in Japanese) |
(See Japanese page) |
Title (in English) |
An Interest Rate Adjusting Mechanism in Consideration of Payment Histories of Groups to which a borrower belongs in Social Lending |
Sub Title (in English) |
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Social Lending |
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Bayesian Estimation |
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1st Author's Name |
Masashi Iwakami |
1st Author's Affiliation |
Nagoya Institute of Technology (Nagoya Institute of Tech.) |
2nd Author's Name |
Takayuki Ito |
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Nagoya Institute of Technology (Nagoya Institute of Tech.) |
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Speaker |
Author-1 |
Date Time |
2008-09-16 15:50:00 |
Presentation Time |
25 minutes |
Registration for |
AI |
Paper # |
AI2008-23 |
Volume (vol) |
vol.108 |
Number (no) |
no.208 |
Page |
pp.39-44 |
#Pages |
6 |
Date of Issue |
2008-09-09 (AI) |
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