why micro‐lending institutions grant loans to poor individuals countering well‐known models of credit markets and credit … implications – The paper includes implications for the administration of micro‐credit loans in China and other developing nations …

loans. Students were used to test people's spontaneous estimates of loan cost when only the payment pattern was known, but … rather than relative measures when ranking loans. This leads to a bias against loans of longer duration. This can be avoided …

why micro-lending institutions grant loans to poor individuals countering well-known models of credit markets and credit … implications – The paper includes implications for the administration of micro-credit loans in China and other developing nations …

the social circle, we consider collateralized, consumer, and informal loans. We find robust social effects on borrowing …