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Headshot of Brian Wolfe, Ph.D.Hosted by the Department of Economics, this research workshop is an opportunity for faculty to present early-stage research projects and collect colleagues' feedback. Contact   Alper Arslan to RSVP or for more information.

Brian Wolfe, Ph.D.
Assistant Professor of Finance
The University of Texas at San Antonio

"Feeling like a loan? Mood and Credit Applications in Peer-to-peer Lending"

Using peer-to-peer loan applications from Lending Club and local weather, we find that positive mood increases the likelihood of applying for a loan. We show that borrower optimism is likely suboptimal in the peer-to-peer market because sunshine causes a decrease in borrower credit score and a decrease in the likelihood of a loan getting funded. While positive mood increases the extensive margin of loan applications, it decreases the intensive margin, suggesting that optimistic borrowers limit the overall effect of weather-induced mood. Lastly, by leveraging the free text of loan applications, we validate local weather as a shock to borrower mood.

Brown Bag Research Workshop with Brian Wolfe

Start Date & Time

April 25, 2024 02:30 PM - 03:30 PM



BB 4.02.10 Executive Conference Room


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