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.

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.

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

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

• chit fund participants, per the cited study

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

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