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Record W2972524291

Matching Returning Donors to Projects on Philanthropic Crowdfunding Platform

2018· article· en· W2972524291 on OpenAlexaff
Yicheng Song, Zhuoxin Li, Nachiketa Sahoo

Bibliographic record

VenueSSRN Electronic Journal · 2018
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicFinTech, Crowdfunding, Digital Finance
Canadian institutionsQuest University Canada
Fundersnot available
KeywordsDonationMatching (statistics)WelfareBusinessAltruism (biology)MarketingEconomicsActuarial scienceEconomic growth
DOInot available

Abstract

fetched live from OpenAlex

We propose an approach to match returning donors to fundraising campaigns on philanthropic crowdfunding platforms. Our approach is based on a structural econometric model of utility-maximizing donors who can derive both altruistic (from the welfare of others) and egoistic (from personal motivations) utilities from donating--a unique feature of philanthropic giving. We estimate our model using a comprehensive dataset from DonorsChoose.org--the largest crowdfunding platform for K-12 education. We find that the proposed model more accurately identifies the projects that donors would like to donate to on their return in a future period, and how much they would donate, than popular personalized recommendation approaches in the literature. From the estimated model, we find that primarily egoistic factors motivate over two-thirds of the donations, but, over the course of the fundraising campaign both motivations play a symbiotic role: egoistic motivations drive the funding in the early stages of a campaign when the viability of the project is still unclear, whereas altruistic motivations help reach the funding goal in the later stages. Finally, we design a recommendation policy using the proposed model to maximize the total funding each week considering the needs of all projects and the heterogeneous budgets and preferences of donors. We estimate that over the last fourteen weeks of the data period, such a policy would have raised 2.5% more donation, provided 9% more funding to the projects by allocating them to more viable projects, funded 17% more projects, and provided 15% more utility to the donors from the donations than the current system. Counterintuitively, we find that the policy that maximizes total funding each week leads to higher utility for the donors over time than a policy that maximizes donors' total utility each week. The reason is that the funding-maximizing policy focuses donations on more viable projects, leading to more funded projects, and, ultimately, higher realized donors' utility.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow), Insufficient payload (model declined to judge)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.107
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0010.000
Scholarly communication0.0010.002
Open science0.0010.000
Research integrity0.0000.002
Insufficient payload (model declined to judge)0.0000.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.021
GPT teacher head0.248
Teacher spread0.228 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2018
Admission routes1
Has abstractyes

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