The Herd Behavior on Peer-To-Peer Online Lending Markets: Evidence from China

Table 5

Descriptive statistics and correlation tests for hypothesis 3.

	Mean	Standard deviation	Min	Max	Velocity	Lnam	RATE	DUR	GEN	AGE	HOU	CRE	EDU
Velocity	35.561	164.531	0.000	3862.833	1.000
Lnam	10.828	0.636	8.006	13.122	0.047	1.000
RATE	12.905	1.041	9.500	24.000	−0.210	−0.084	1.000
DUR	28.407	10.122	3.000	36.000	−0.206	0.418	0.421	1.000
GEN	0.737	0.440	0.000	1.000	0.012	−0.077	0.001	−0.076	1.000
AGE	38.092	8.607	22.000	65.000	0.050	0.196	−0.113	0.010	−0.003	1.000
HOU	0.585	0.493	0.000	1.000	−0.121	0.337	0.238	0.402	−0.058	0.097	1.000
CRE	4.723	1.076	0.000	6.000	0.049	0.533	−0.274	0.454	−0.077	0.138	0.080	1.000
EDU	1.970	0.719	1.000	4.000	−0.012	0.016	−0.007	−0.001	−0.005	−0.114	−0.029	−0.020	1.000