The purpose of this study is to explore new financial product’s impact on the behaviour of individual investors. To analyze investors’ risk and return expectations, this article investigates trading volumes before and after the introduction of financial product innovation. An event research technique was used to gather data from the National Stock Exchange. Data was analyzed using descriptive statistics and the Sharpe ratio approach, which were provided by different investors. The research results highlight that individual investors’ overreaction behaviour is brought out by financial product innovation. Furthermore, the study’s results imply that rising trading volumes are not entirely explained by updated risk-adjusted returns and that new financial products lead to excessive trading by investors and lowering returns. Higher trading volumes are not explained by better risk-adjusted returns. Young investors often respond irrationally to information offered by financial advisors, resulting in short-term gains at the expense of long-term gains. The study demonstrates that the development of innovative financial products does not always result in investors’ long-term prosperity. Worse outcomes and excessive trading could follow from it. The paper concludes by providing various real-world implications that the benefits and drawbacks of innovative financial products should be spelled out in detail by financial institutions and representatives. his research contributes to the implementation of individual investors’ overreaction behaviour that is brought out by financial product innovation. It highlights that higher trading volumes are not explained by better risk-adjusted returns.
Background: Traditional education in neurosurgery primarily relies on observation, giving residents and interns limited opportunities for clinical practice. However, the development of 3D printing has the potential to improve this situation. Based on bibliometrics, we analyze the application of 3D printing technology in neurosurgery medical education and surgical training. Methods: We searched the publications in this field in Web of Science core collection database from September 2000 to September 2023. VOS viewer, Citespace and Microsoft Office Excel were used to visually analyze and draw knowledge graphs. Results: A total of 231 articles and reviews were included. The United States is the country with the largest volume of articles and Mayo Clinic is the leading organization in this field. Partnership between countries, authors and institutions is also presented. World Neurosurgery is the journal with the highest number of publications. The top three key words by occurrence rate are “3D printing”, “surgery” and “simulation”. Conclusions: In recent years, more and more attention has been paid to the research in this field. According to bibliometric analysis, “accuracy” and “surgery simulation” are the research focuses in this field, while “augment reality” is the potential research target.
Forest ecological benefit compensation plays a promoting role in improving the enthusiasm of forest ecological builders and maintainers, maintaining the legitimate economic interests of forest owners, and coordinating the fairness between the “clear water and green mountains” protectors and the “gold and silver mountains” beneficiaries. Comprehensive combed the domestic forest ecological benefit compensation mechanism, including the compensation scope, compensation subject, compensation object, the research progress of compensation standard, summarized the forest ecosystem benefits measurement, including physical appraisal method, the value evaluation method, energy analysis method and the characteristics and application research progress of ecological model method. This paper discusses the research status and existing problems of the calculation basis of compensation standard, the origin, research emphasis and progress of forest ecological service payment abroad in recent years, and the mechanism of forest ecological service payment in many countries. Finally, some suggestions are put forward to improve the compensation mechanism of forest ecological benefits in China. On the one hand, it is necessary to broaden the source of funds through various ways of marketization and scientifically evaluate the forest ecological benefits. On the other hand, the compensation standard should be established scientifically and reasonably to achieve different compensation levels or compensation intervals.
Influenced by global financial crisis in 2008, many countries around the world have realized the significance of sustainable development. And green development, as the most important pathway to sustainability, has been implemented by various countries. In this context, green development has drawn great attention from academic researchers both at home and abroad in recent years and has become an interdisciplinary-oriented research direction. As an applied basic research field for exploring the structural change of resources and environment as well as regional sustainable development, geography plays an essential role in the research of green development. Based on an intensive literature review, this article firstly summarized the connotation and analytical framework of green development. Secondly, it systematically outlined the progress of green development research from the perspective of geography and thus extracted seven themes, that is, the influencing factors of green development, assessment methods, spatial and temporal characteristics of green development, green development and industrial transformation, green transformation of resource-based cities, the effect of green development, and green development institutions and recommendations. Comments were made on the existing studies including their shortcomings. Finally, future research emphases were discussed, aiming to provide references for further study on green development from the perspective of geography in China.
Lattice Boltzmann models for diffusion equation are generally in Cartesian coordinate system. Very few researchers have attempted to solve diffusion equation in spherical coordinate system. In the lattice Boltzmann based diffusion model in spherical coordinate system extra term, which is due to variation of surface area along radial direction, is modeled as source term. In this study diffusion equation in spherical coordinate system is first converted to diffusion equation which is similar to that in Cartesian coordinate system by using proper variable. The diffusion equation is then solved using standard lattice Boltzmann method. The results obtained for the new variable are again converted to the actual variable. The numerical scheme is verified by comparing the results of the simulation study with analytical solution. A good agreement between the two results is established.
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