Gender and age-based investor affinities in a Ponzi scheme

Abstract Utilizing a police dataset of a fundraising Ponzi scheme in China, we establish referrer-investor links and examine how investor affinity in terms of gender and age affects the way the scheme spreads and the way investors suffer losses. We find that female or older investors are more suscep...

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Bibliographic Details
Main Authors: Li Huang, Oliver Zhen Li, Yupeng Lin, Chao Xu, Haoran Xu
Format: Article
Language:English
Published: Springer Nature 2021-03-01
Series:Humanities & Social Sciences Communications
Online Access:https://doi.org/10.1057/s41599-021-00733-w