Trust and Credit

  title={Trust and Credit},
  author={Levine Je and E. Duarte and Stephan Siegel and Lance Brendan Young},
This study considers the impact of trustworthiness on financial markets at the individual transaction level. We employ a natural experiment using the peer-to-peer lending site, We find that borrowers who are perceived as less trustworthy are economically and significantly less likely to have their loan requests filled, even controlling for physical attractiveness, detailed demographic information, credit profile, income, education, employment and loan-specific information. Indeed… CONTINUE READING
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