Skip to main content

Supervised and Unsupervised Learning Applied to Crowdfunding

  • Conference paper
  • First Online:
Computational Vision and Bio-Inspired Computing ( ICCVBIC 2019)

Abstract

This paper aims to establish the participation behavior of residents in the city of Bogotá between 25 and 44 years of age, to finance or seek funding for entrepreneurial projects through crowdfunding? In order to meet the proposed objective, the focus of this research is quantitative, non-experimental and transactional (2017). Through data collection and data analysis, we seek patterns of behavior of the target population. Two machine learning techniques will be used for the analysis: supervised learning (using the learning algorithm of the decision tree) and unsupervised learning (clustering). Among the main findings are that (i) most of the people who would participate as an entrepreneur and donor and entrepreneur simultaneously belong to stratum 3; (ii) Crowdfunding projects based on donations do not have a high interest on the part of Bogotans, but those in which they aspire to recover the investment.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 259.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 329.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Yang, Y., Bi, G., Liu, L.: Profit allocation in investment-based crowdfunding with investors of dynamic entry times. Eur. J. Oper. Res. 280(1), 323–337 (2019)

    Article  MathSciNet  Google Scholar 

  2. Bagheri, A., Chitsazan, H., Ebrahimi, A.: Crowdfunding motivations: a focus on donors’ perspectives. Technol. Forecast. Soc. Chang. 146, 218–232 (2019)

    Article  Google Scholar 

  3. Frenken, K., Schor, J.: Putting the sharing economy into perspective. Environ. Innov. Soc. Trans. 23, 3–10 (2017). https://doi.org/10.1016/j.eist.2017.01.003

    Article  Google Scholar 

  4. Zhang, H., Zhao, H., Liu, Q., Xu, T., Chen, E., Huang, X.: Finding potential lenders in P2P lending: a hybrid random walk approach. Inf. Sci. 432, 376–391 (2017)

    Article  MathSciNet  Google Scholar 

  5. Petruzzelli, A.M., Natalicchio, A., Panniello, U., Roma, P.: Understanding the crowdfunding phenomenon and its implications for sustainability. Technol. Forecast. Soc. Chang. 141, 138–148 (2019)

    Article  Google Scholar 

  6. Bento, N., Gianfrate, G., Thoni, M.H.: Crowdfunding for sustainability ventures. J. Clean. Prod. 237(10) (2019)

    Article  Google Scholar 

  7. Torralba Quitian, O.: Motivaciones de inversión y financiamiento colaborativo en Bogotá mediante el crowdfunding. Master dissertation, Universidad Central, Bogotá (2017)

    Google Scholar 

  8. Wang, W., Mahmood, A., Sismeiro, C., Vulkan, N.: The evolution of equity crowdfunding: insights from co-investments of angels and the crowd. Res. Policy 48(8), 103727 (2019). https://doi.org/10.1016/j.respol.2019.01.003

    Article  Google Scholar 

  9. Hamari, J., Sjöklint, M., Ukkonen, A.: The sharing economy: why people participate in collaborative consumption. J. Assoc. Inf. Sci. Technol. 67(9), 2047–2059 (2016)

    Article  Google Scholar 

  10. Gera, J., Kaur, H.: A novel framework to improve the performance of crowdfunding platforms. ICT Express 4(2), 55–62 (2018)

    Article  Google Scholar 

  11. Belleflamme, P., Lambert, T., Schwienbacher, A.: Crowdfunding: tapping the right crowd. Core 32(2011), 1–37 (2011)

    Google Scholar 

  12. Son, S.: Financial innovation - crowdfunding: friend or foe? Procedia Soc. Behav. Sci. 195, 353–362 (2015)

    Article  Google Scholar 

  13. Ordanini, A., Miceli, L., Pizzetti, M., Parasuraman, A.: Crowd-funding: transforming customers into investors through innovative service platforms. J. Serv. Manage. 22(4), 443–470 (2011)

    Article  Google Scholar 

  14. Martínez, R., Palomino, P., Del Pozo, R.: Crowdfunding and social networks in the music industry: implications. Int. Bus. Econ. Res. J. 11(13), 1471–1477 (2012)

    Google Scholar 

  15. Wang, X., Wang, L.: What makes charitable crowdfunding projects successful: a research based on data mining and social capital theory. In: International Conference on Parallel and Distributed Computing: Applications and Technologies, pp. 250–260. Springer, Singapore, August 2018

    Chapter  Google Scholar 

  16. DANE: Proyecciones de Población [database]. DANE, Bogotá (2019)

    Google Scholar 

  17. Oviedo, C., Campo, A.: Aproximación al uso del coeficiente alfa de Cronbach. Revista Colombianan de Psiquiatría 34(4), 572–580 (2005)

    Google Scholar 

  18. Demsar, J., Curk, T., Erjavec, A., Gorup, C., Hocevar, T., Milutinovic, M., Mozina, M., Polajnar, M., Toplak, M., Staric, A., Stajdohar, M., Umek, L., Zagar, L., Zbontar, J., Zitnik, M., Zupan, B.: Orange: data mining toolbox in Python. J. Mach. Learn. Res. 14, 2349–2353 (2013)

    MATH  Google Scholar 

  19. Lis-Gutiérrez, J.P., Reyna-Niño, H.E., Gaitán-Angulo, M., Viloria, A., Abril, J.E.S.: Hierarchical ascending classification: an application to contraband apprehensions in Colombia (2015–2016). In: International Conference on Data Mining and Big Data, pp. 168–178. Springer, Cham, June 2018

    Chapter  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Oscar Iván Torralba Quitian .

Editor information

Editors and Affiliations

Ethics declarations

• All authors declare that there is no conflict of interest

• No humans/animals involved in this research work.

• We have used our own data.

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Quitian, O.I.T., Lis-Gutiérrez, J.P., Viloria, A. (2020). Supervised and Unsupervised Learning Applied to Crowdfunding. In: Smys, S., Tavares, J., Balas, V., Iliyasu, A. (eds) Computational Vision and Bio-Inspired Computing. ICCVBIC 2019. Advances in Intelligent Systems and Computing, vol 1108. Springer, Cham. https://doi.org/10.1007/978-3-030-37218-7_11

Download citation

Publish with us

Policies and ethics