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Table 3 Summary statistics of misreporting variables

From: Fintech platforms: Lax or careful borrowers’ screening?

Variables Obs Mean SD Min Max p25 p50 p75
Prudence grade 1,959,405 1.182 0.485 1 3 1 1 1
Income divisible by 5000 1,959,332 0.296 0.457 0 1 0 0 1
Income divisible by 10,000 1,959,332 0.497 0.5 0 1 0 0 1
Loan amount divisible by 5000 1,959,405 0.337 0.473 0 1 0 0 1
Loan amount divisible by 10,000 1,959,405 0.179 0.383 0 1 0 0 0
Length of title 1,959,440 2.148 0.691 0 18 2 2 2
Suspect employment length 1,959,440 0.403 0.491 0 1 0 0 1
  1. This table provides summary statistics on the variables used for the empirical analysis of the LendingClub' Prudence grade. The data covers all the transactions between June 2007 and September 2018. Mean, Standard deviations, key percentiles and minimum and maximum values are displayed