Lenders in Prosper, one of the largest lending markets in the U.S., reduce their activity when playing multistate Powerball or Mega Millions lottery jackpot becomes attractive. This finding suggests that the desire for sensation seeking is an underlying motivation for participating in peer-to-peer crowdfunding markets; the thrill of winning a large lottery jackpot fulfills some lenders' desire for novelty and sensation seeking, thus decreasing their lending activity. We discuss our findings' implications for lenders, borrowers, platform organizers, and policymakers.

中文翻译：

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众筹如赌博：来自重复自然实验的证据

Prosper 是美国最大的借贷市场之一，当玩多州强力球或超级百万彩票头奖变得有吸引力时，贷方会减少他们的活动。这一发现表明，寻求刺激的欲望是参与点对点众筹市场的潜在动机；赢得彩票大头奖的快感满足了一些贷方对新奇事物和追求刺激的渴望，从而减少了他们的借贷活动。我们讨论了我们的发现对贷款人、借款人、平台组织者和政策制定者的影响。