SOCIAL WORK AND MANAGEMENT ›› 2018, Vol. 18 ›› Issue (6): 85-90.

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Feasibility Analysis for Celebrity Endorsements of P2P Financial Platform from the Perspective of Game Theory

YANG Lu1, ZHANG Chengke2, JIANG Jun2, ZHU Huainian2   

  1. 1. School of Management, Guangdong University of Technology, Guangzhou Guangdong, 510520, China;
    2. School of Economics and Commerce, Guangdong University of Technology, Guangzhou Guangdong, 510520, China
  • Received:2016-04-27 Online:2018-11-15 Published:2018-11-15

Abstract: With the development of internet technology, wealth management methods abound, including P2P financing platform. At the beginning such platforms choose celebrity endorsements to promote popularity. But when the financing platform is in trouble, it will not only bring social chaos, but also reputation damage and property loss to the celebrities. In this paper, we analyze the expected return rate and the equilibrium of Bayesian Nash of each participant with the application of incomplete information static game theory. According to the research, when certain conditions are met, the celebrities will speak for P2P financing platforms regardless of high or low risk. When the P2P financing platform is at a high risk, the earnings of celebrities and platforms are significantly lower than those with low risk, so both sides will increase their profits by reducing the risk. It can provide some references for celebrities, P2P financing platforms and government decision-making.

Key words: game theory, celebrity endorsement, P2P financing platform, feasibility

CLC Number: 

  • F83
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