{"668443":{"#nid":"668443","#data":{"type":"event","title":"PhD Defense by Jiayu Yao","body":[{"value":"\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003E\u003Cspan\u003EJiayu Yao\u003C\/span\u003E\u003C\/span\u003E\u003C\/strong\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EPh.D. Candidate, ITM\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EScheller College of Business\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EGeorgia Institute of Technology\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E___\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003E\u003Cspan\u003EArea:\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003C\/strong\u003E\u003Cspan\u003E\u003Cspan\u003EITM\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003E\u003Cspan\u003ECommittee Members:\u003C\/span\u003E\u003C\/span\u003E\u003C\/strong\u003E\u003Cspan\u003E\u003Cspan\u003E\u0026nbsp;Dr. Mingfeng Lin (Chair), Dr. D.J. Wu, Dr. Sridhar Narasimhan, Dr. Han Zhang, Dr. Xuan Wei (Shanghai Jiao Tong University)\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003E\u003Cspan\u003ETitle:\u003C\/span\u003E\u003C\/span\u003E\u003C\/strong\u003E\u003Cspan\u003E\u003Cspan\u003E\u0026nbsp;Essays on the Wisdom of the Crowd in Crowdfunding\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cstrong\u003E\u003Cspan\u003E\u003Cspan\u003EAbstract:\u003C\/span\u003E\u003C\/span\u003E\u003C\/strong\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003EThe rapidly growing crowdfunding has redefined financial behaviors and revolutionized traditional industries such as banking. My\u0026nbsp;dissertation\u0026nbsp;studies crowd behaviors in online crowdfunding and the impact of crowdfunding on entrepreneurial development. In my first essay, I propose several easily scalable variables derived from the heterogeneity of investors\u2019 bids in terms of size and timing. I show that loans funded with larger bids relative to the typical bid amount in the market, or to the bidder\u2019s historical baseline, particularly early in the bidding period, are less likely to default. More importantly, these variables improve the predictive performance of state-of-the-art models that have been proposed in this context. In my second essay, I study the impact of peer behavior information display on lenders\u2019 decision-making in crowdfunding. Utilizing two online controlled experiments and a real-world dataset,\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003EI examine lenders\u2019 platform abandonment, decision time, investment willingness, and risk preference under different display formats of peer information. The results\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E\u0026nbsp;highlight the advantages of aggregated peer information\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E: \u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003ECompared with completely no peer information or extensive peer information, a moderate amount of peer information saves lenders\u2019 decision time, increases participation rate, amplifies risk preference, and supports investment decision-making. In my third essay, I study if and how crowdfunding\u2019s\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003Enonfinancial crowd\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E\u0026nbsp;value helps entrepreneurs enter mass markets and improve market performance.\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003EI build explanatory machine learning models to predict entrepreneurs\u2019 market success using financial and non-financial factors of entrepreneurs\u2019 crowdfunding campaigns. Preliminary results suggest that early customers\u2019 feedback and entrepreneurs\u2019 responses play important roles in mass market launch and success.\u0026nbsp;\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003ETaken together, my three essays contribute to a better understanding of crowd behavior in crowdfunding and its value\u003C\/span\u003E\u003C\/span\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003E.\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E \u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003E\u003Cspan\u003E\u003Cspan\u003E\u003Cspan\u003ESee abstract\u003C\/span\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":" Essays on the Wisdom of the Crowd in Crowdfunding"}],"uid":"27707","created_gmt":"2023-07-12 13:07:26","changed_gmt":"2023-07-12 13:07:26","author":"Tatianna Richardson","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2023-07-26T09:30:00-04:00","event_time_end":"2023-07-26T11:30:00-04:00","event_time_end_last":"2023-07-26T11:30:00-04:00","gmt_time_start":"2023-07-26 13:30:00","gmt_time_end":"2023-07-26 15:30:00","gmt_time_end_last":"2023-07-26 15:30:00","rrule":null,"timezone":"America\/New_York"},"location":"TEAMS-remote","extras":[],"groups":[{"id":"221981","name":"Graduate Studies"}],"categories":[],"keywords":[{"id":"100811","name":"Phd Defense"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1788","name":"Other\/Miscellaneous"}],"invited_audience":[{"id":"78771","name":"Public"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}