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Ignorance is bliss? Information and risk on crowdfunding platforms

This research examines the determinants of project success on crowdfunding platforms within a competitive context. We focus on the specific horizontal attributes of the project–attributes that do not affect the project returns but over which investors may have heterogeneous preferences–and on the pr...

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Detalles Bibliográficos
Autores principales: D’Arcangelo, Chiara, Morreale, Azzurra, Mittone, Luigi, Collan, Mikael
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10275436/
https://www.ncbi.nlm.nih.gov/pubmed/37327223
http://dx.doi.org/10.1371/journal.pone.0286876
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author D’Arcangelo, Chiara
Morreale, Azzurra
Mittone, Luigi
Collan, Mikael
author_facet D’Arcangelo, Chiara
Morreale, Azzurra
Mittone, Luigi
Collan, Mikael
author_sort D’Arcangelo, Chiara
collection PubMed
description This research examines the determinants of project success on crowdfunding platforms within a competitive context. We focus on the specific horizontal attributes of the project–attributes that do not affect the project returns but over which investors may have heterogeneous preferences–and on the project returns’ risk level. We run a laboratory experiment with several set-ups, where multiple projects compete for funding simultaneously and where potential investors operate in a quasi-continuous time. We find the horizontal attributes’ information affects project selection, while the risk level of the project returns affects the amount of collected funding.
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spelling pubmed-102754362023-06-17 Ignorance is bliss? Information and risk on crowdfunding platforms D’Arcangelo, Chiara Morreale, Azzurra Mittone, Luigi Collan, Mikael PLoS One Research Article This research examines the determinants of project success on crowdfunding platforms within a competitive context. We focus on the specific horizontal attributes of the project–attributes that do not affect the project returns but over which investors may have heterogeneous preferences–and on the project returns’ risk level. We run a laboratory experiment with several set-ups, where multiple projects compete for funding simultaneously and where potential investors operate in a quasi-continuous time. We find the horizontal attributes’ information affects project selection, while the risk level of the project returns affects the amount of collected funding. Public Library of Science 2023-06-16 /pmc/articles/PMC10275436/ /pubmed/37327223 http://dx.doi.org/10.1371/journal.pone.0286876 Text en © 2023 D’Arcangelo et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
D’Arcangelo, Chiara
Morreale, Azzurra
Mittone, Luigi
Collan, Mikael
Ignorance is bliss? Information and risk on crowdfunding platforms
title Ignorance is bliss? Information and risk on crowdfunding platforms
title_full Ignorance is bliss? Information and risk on crowdfunding platforms
title_fullStr Ignorance is bliss? Information and risk on crowdfunding platforms
title_full_unstemmed Ignorance is bliss? Information and risk on crowdfunding platforms
title_short Ignorance is bliss? Information and risk on crowdfunding platforms
title_sort ignorance is bliss? information and risk on crowdfunding platforms
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10275436/
https://www.ncbi.nlm.nih.gov/pubmed/37327223
http://dx.doi.org/10.1371/journal.pone.0286876
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