kaal:claim:3782216-012

Member default on premia is a major inefficiency in chit funds, with estimates that a large share of subscribers have defaulted at least once recently and a substantial share have defaulted after winning an auction.

Source quote, verbatim

It's been estimated that Td% of chit fund sub- scribers have defaulted at least once recently and 9e% have defaulted after winning an auction.

From

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Chit fund example
https://ssrn.com/abstract=3782216 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

Holds when

chit fund participants, per the cited study

Classification

empiricalsupport: evidencedfailure: premium defaultfamily: collective-action-and-coordination-failurerisk-and-incentivesdefiempirical-evidence

Verify

The quote above is an exact substring of the source PDF, whose sha256 is f1739743aa06bbc1641cd65da790d531b69d8628ea3f5cc3fcad1bf5a1242373. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/6edf14fe30221052...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782216-012.md | sha256sum