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 mad...

Online peer-to-peer (P2P) microloan lending practice is becoming prevalent worldwide. However, information asymmetry between lenders and borrowers in this market may create adverse selection and moral hazard problems that could eventually lead to a high risk of loan default. In the proposed study, we will develop a model to evaluate how imitation and language analysis can reduce information asy...

We argue that the core problem facing peer-to-peer systems is locating documents in a decentralized network and propose Chord, a distributed lookup primitive. Chord provides an efficient method of locating documents while placing few constraints on the applications that use it. As proof that Chord’s functionality is useful in the development of peer-to-peer applications, we outline the implemen...

P2P (Online Peer-to-Peer) lending provides an open marketplace where borrowers make requests for loans by lenders who subsequently decide whether to bid or not following an examination of the relevant information posted by borrowers. In this P2P lending context, the leaderboard, where popular loan requests are displayed at the web’s front page, provides information for lenders to use when evalu...

We study lender behavior in the peer-to-peer (P2P) lending market, where individuals bid on unsecured microloans requested by other individual borrowers. Online P2P exchanges are growing, but lenders in this market are not professional investors. In addition, lenders have to take big risks because loans in P2P lending are granted without collateral. While the P2P lending market shares some char...

The sharing of music files has been the focus of a massive struggle between representatives of major record companies and artists in the music industry, on one side, and peer–to–peer (p2p) file–sharing services and their users, on the other. This struggle can be analysed in terms of tactics used by the two sides, which can be classified into five categories: cover–up versus exposure, devaluatio...

Resource discovery is one of the most important services affecting grid performance. Because of inherent characteristics of grid environments such as heterogeneity, dynamicity and scalability, usually grid resource discovery approaches deal with some challenges to be efficient. One of the most important challenges is reliability and stability of resource discovery in grid environment. The main ...

The recent banking crisis highlights the challenges faced in credit intermediation. New online peerto-peer lending markets offer opportunities to examine lending models that primarily cater to small borrowers and that generate more types of information on which to screen. This paper evaluates screening in a peer-to-peer market where lenders observe both standard financial information and soft, ...

Spend your time even for only few minutes to read a book. Reading a book will never reduce and waste your time to be useless. Reading, for some people become a need that is to do every day such as spending time for eating. Now, what about you? Do you like to read a book? Now, we will show you a new book enPDFd semantic web and peer to peer decentralized management and exchange of knowledge and ...

We present a simulator to compare different approaches to organisation-centred MAS adaptation in a peer-to-peer (P2P) scenario. In particular, we describe our approach to MAS adaptation (2-LAMA), the P2P sharing network case study and the software we built to evaluate different alternatives.