Decision Making in Crowdfunding Under Risk Analysis

dc.contributor.author Chen, Jun
dc.contributor.author Chen, Long
dc.contributor.author Qian, Chen
dc.contributor.author Xie, Kefan
dc.date.accessioned 2017-12-28T00:49:16Z
dc.date.available 2017-12-28T00:49:16Z
dc.date.issued 2018-01-03
dc.description.abstract Crowdfunding is an emerging international financial activity often performed via internet mediated platform. With the rapid growth of this financial system, rising risks would influence participant’s decision making. In this study, we examine the process of a typical crowdfunding activity, pre-ordering pledging as well as its coming risks. Based on the analysis, we combine Evolutionary Stable Strategy (ESS) and General Bass Model (GBM) to build decision-making models for pre-ordering pledging theoretically where risk factors are taken into account. Finally, evolutionary game simulation system is built to simulate the dynamic decision-making behavior in a risk changing environments. The simulation results demonstrate that the currency exchange rate give great impact on international participant’s decision-making behavior in crowdfunding. Low exchange rate brings less investment decision from the investor and high exchange rate leads to overheated investment which challenges funder’s diligence. Project system risk may infest the participant’s decisions-making process and cause ambiguity at the end. Limitation and managerial suggestions are discussed.
dc.format.extent 10 pages
dc.identifier.doi 10.24251/HICSS.2018.182
dc.identifier.isbn 978-0-9981331-1-9
dc.identifier.uri http://hdl.handle.net/10125/50069
dc.language.iso eng
dc.relation.ispartof Proceedings of the 51st Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Multi-Criteria Decision Analysis and Support Systems
dc.subject Crowdfunding; Decision-making;Risk; System Simulation
dc.title Decision Making in Crowdfunding Under Risk Analysis
dc.type Conference Paper
dc.type.dcmi Text
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