Presentation | 2008-09-16 An Interest Rate Adjusting Mechanism in Consideration of Payment Histories of Groups to which a Borrower Belongs in Social Lending Masashi IWAKAMI, Takayuki ITO, |
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Abstract(in Japanese) | (See Japanese page) |
Abstract(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) |
Keyword(in English) | Social Lending / Bayesian Estimation |
Paper # | AI2008-23 |
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Conference Information | |
Committee | AI |
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Conference Date | 2008/9/9(1days) |
Place (in Japanese) | (See Japanese page) |
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Topics (in Japanese) | (See Japanese page) |
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Registration To | Artificial Intelligence and Knowledge-Based Processing (AI) |
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Language | JPN |
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) | |
Keyword(1) | Social Lending |
Keyword(2) | Bayesian Estimation |
1st Author's Name | Masashi IWAKAMI |
1st Author's Affiliation | Dept. of Information and Computer Science, Nagoya Institute of Technology() |
2nd Author's Name | Takayuki ITO |
2nd Author's Affiliation | School of Techno-Business Administration, Nagoya Institute of Technology |
Date | 2008-09-16 |
Paper # | AI2008-23 |
Volume (vol) | vol.108 |
Number (no) | 208 |
Page | pp.pp.- |
#Pages | 6 |
Date of Issue |