Barth, Andreas; Laturnus, Valerie; Mansouri, Sasan; … - 2021
Freelancing human experts play an important role in Initial Coin Offerings (ICOs). Expert ratings partially reflect the … reciprocal network of ICO members and analysts. Ratings predict ICO success, but highly imperfectly so. Favorably rated ICOs tend … to fail when more ratings reciprocate prior ratings. Failure despite strong ratings is also frequent when analysts have a …