Investment games in Crowdfunding platforms -Extended version
Résumé
We analyze the behavior of investors who have to decide on which projects to support in a crowdfunding platform. We model the behaviour of different sets of funders, as reported by crowdfunding literature, and also the behavior of utility-maximizing funders as a stochastic game. The founders' behaviour is also modeled as a Stackelberg game. Our results are illustrated by a numerical performance analysis which provides several insights into the choice of investment strategies.
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