Research Article
The Herd Behavior on Peer-To-Peer Online Lending Markets: Evidence from China
Table 2
Descriptive statistics of hypothesis 1 and hypothesis 2.
| | Variable | Mean | Standard deviation | Min | Max |
| | Ln (bids) | 3.339 | 1.312 | 0.000 | 6.607 | | Ln2 (bids) | 12.873 | 8.616 | 0.000 | 43.648 | | PER | 0.449 | 0.310 | 0.000 | 1.003 | | BA | 1245.415 | 3301.238 | 50.000 | 200000.000 | | RATE | 12.814 | 0.806 | 9.500 | 24.000 | | Lnam | 11.103 | 0.569 | 8.006 | 13.122 | | DUR | 29.128 | 9.502 | 3.000 | 36.000 | | GEN | 0.727 | 0.445 | 0.000 | 1.000 | | AGE | 38.921 | 8.657 | 22.000 | 65.000 | | HOU | 0.612 | 0.487 | 0.000 | 1.000 | | CRE | 4.902 | 0.649 | 0.000 | 6.000 | | HOUSEDEBT | 0.456 | 0.498 | 0.000 | 1.000 | | EDU | 1.979 | 0.711 | 1.000 | 4.000 |
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