Matchmaking in reward-based crowdfunding platforms: A hybrid machine learning approach

Qu, Shaojian, Xu, Lei, Mangla, Sachin Kumar, Chan, Felix T. S., Zhou, Jianli and Arisian, Sobhan (2022) Matchmaking in reward-based crowdfunding platforms: A hybrid machine learning approach. International Journal of Production Research. ISSN 1366-588X (In Press)

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Abstract

Traditional clustering methods fail to accurately cluster the feature vectors of backers and macth the potential backers to compatible crowdfunding projects, mainly due to their sensitivity to the setting of the initial value. In this paper, we use the Apriori algorithm in conjunction with other machine learning tools to cluster the potential backers and provide more accurate recommendations for crowdfunding projects. Focusing on potential projects listed in a major reward-based crowdfunding platform, we first train the data obtained from the available list of backers. Using the Apriori algorithm, the degree of association between different project backers is then obtained, and weight calculation of the backers is carried out according to the association degree of the backers. The degree of association is used as a key index to cluster similar backers. Finally, we test the model and determine whether clustering can correctly classify the data in the test set based on the Apriori algorithm. Our experimental results show that there is 90% accuracy, precision and recall of the model. The proposed solution outperforms the other five benchmark methods and offers an imporved matchmaking by connecting the listed crowdfunding projects to the right backers.

Item Type: Article
Keywords: Matchmaking Platform | Reward-based Crowdfunding | Machine Learning
Subjects: Social Sciences and humanities > Business, Management and Accounting > General Management
JGU School/Centre: Jindal Global Business School
Depositing User: Amees Mohammad
Date Deposited: 28 Sep 2022 01:42
Last Modified: 28 Sep 2022 01:42
Official URL: https://doi.org/10.1080/00207543.2022.2121870
URI: https://pure.jgu.edu.in/id/eprint/4638

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