In this study, the authors survey students and adults to better understand their basic financial knowledge and money saving skills to measure the extent of knowledge in each group and make comparisons between.
Read More...Money matters: Significant knowledge gaps exist about basic finance
In this study, the authors survey students and adults to better understand their basic financial knowledge and money saving skills to measure the extent of knowledge in each group and make comparisons between.
Read More...Economic performance of solar energy systems financed with green bonds in New Jersey
Global reliance on extractive energy sources has many downsides, among which are inconsistent supply and consequent price volatility that distress companies and consumers. It is unclear if renewable energy offers stable and affordable solutions to extractive energy sources. The cost of solar energy generation has decreased sharply in recent years, prompting a surge of installations with a range of financing options. Even so, most existing options require upfront payment, making installation inaccessible for towns with limited financial resources. The primary objective of our research is to examine the use of green bonds to finance solar energy systems, as they eliminate the need for upfront capital and enable repayment through revenue generated over time. We hypothesized that if we modeled the usage of green bonds to finance the installation of a solar energy system in New Jersey, then the revenue generated over the system’s lifetime would be enough to repay the bond. After modeling the financial performance of a proposed solar energy-producing carport in Madison, New Jersey, financed with green bonds, we found that revenue from solar energy systems successfully covered the annual green bond payments and enabled the installers to obtain over 50% of the income for themselves. Our research demonstrated green bonds as a promising option for New Jersey towns with limited financial resources seeking to install solar energy systems, thereby breaking down a financial barrier.
Read More...Importance of pay on job satisfaction
Pay is a widely debated factor in workplace motivation, influencing both incentives and job satisfaction. This work analyzed employee reviews across various industries to examine the relationship between pay importance and job satisfaction. Findings suggest that job satisfaction decreases as the importance of pay increases, particularly in construction, food, and finance industries, as well as among entry-level and experienced workers, though the results were not statistically significant.
Read More...Environmental, social, and governance ratings and firm performance: Evidence from the Chinese stock market
Large corporations often are known for their financial power, but what social and environmental power and conscious do they have? The more responsible corporations are in relation to environmental, social, and governance criteria the better they do fiscally.
Read More...Where to invest: Stock market indices versus mutual funds
Comparing and evaluating ChatGPT’s performance giving financial advice with Reddit questions and answers
Here, the authors compared financial advice output by chat-GPT to actual Reddit comments from the "r/Financial Planning" subreddit. By assessing the model's response content, length, and advice they found that while artificial intelligence can deliver information, it failed in its delivery, clarity, and decisiveness.
Read More...Predicting and explaining illicit financial flows in developing countries: A machine learning approach
The authors looked at the ability of different machine learning algorithms to predict the level of financial corruption in different countries.
Read More...The effect of financial and food-based incentives on math test performance
The authors looked at the effect of monetary vs. food incentives on math test performance. They found that financial incentives did increase student performance, but not necessarily food incentives.
Read More...Analyzing carbon dividends’ impact on financial security via ML & metaheuristic search
Impact of carbon tax and dividend on financial security
Read More...The Effects of Vibrotactile Feedback on Task Performance in a 3D-printed Myoelectric Prosthetic Arm
Here the authors strive to remedy the financial and mechanical deficiencies in current prosthetics by building a simple, noninvasive vibratory sensory feedback system into an inexpensive constructed 3D-printed prosthetic arm. They find that this simple feedback system has the potential to enhance feedback performance at a less cost.
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