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Search Results (1,472)

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Keywords = real-time market

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16 pages, 2093 KB  
Article
Neuromarketing and Health Marketing Synergies: A Protection Motivation Theory Approach to Breast Cancer Screening Advertising
by Dimitra Skandali, Ioanna Yfantidou and Georgios Tsourvakas
Information 2025, 16(9), 715; https://doi.org/10.3390/info16090715 - 22 Aug 2025
Viewed by 142
Abstract
This study investigates the psychological and emotional mechanisms underlying women’s reactions to breast cancer awareness advertisements through the dual lens of Protection Motivation Theory (PMT) and neuromarketing methods, addressing a gap in empirical research on the integration of biometric and cognitive approaches in [...] Read more.
This study investigates the psychological and emotional mechanisms underlying women’s reactions to breast cancer awareness advertisements through the dual lens of Protection Motivation Theory (PMT) and neuromarketing methods, addressing a gap in empirical research on the integration of biometric and cognitive approaches in health marketing. Utilizing a lab-based experiment with 78 women aged 40 and older, we integrated Facial Expression Analysis using Noldus FaceReader 9.0 with semi-structured post-exposure interviews. Six manipulated health messages were embedded within a 15 min audiovisual sequence, with each message displayed for 5 s. Quantitative analysis revealed that Ads 2 and 5 elicited the highest mean fear scores (0.45 and 0.42) and surprise scores (0.35 and 0.33), while Ad 4 generated the highest happiness score (0.31) linked to coping appraisal. Emotional expressions—including fear, sadness, surprise, and neutrality—were recorded in real time and analyzed quantitatively. The facial analysis data were triangulated with thematic insights from interviews, targeting perceptions of threat severity, vulnerability, response efficacy, and self-efficacy. The findings confirm that fear-based appeals are only effective when paired with actionable coping strategies, providing empirical support for PMT’s dual-process model. By applying mixed-methods analysis to the evaluation of health messages, this study makes three contributions: (1) it extends PMT by validating the emotional–cognitive integration framework through biometric–qualitative convergence; (2) it offers practical sequencing principles for combining threat and coping cues; and (3) it proposes cross-modal methodology guidelines for future health campaigns. Full article
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22 pages, 13760 KB  
Article
Transcriptome Screening and Identification of Chemosensory Genes in the Goji Berry Psyllid, Bactericera gobica (Hemiptera: Psyllidae)
by Zhanghui Liu, Yang Ge, Zekun Zhang, Jiayi Liang, Chuanzhi Kang, Chengcai Zhang, Kang Chen, Xiufu Wan, Liu Zhang, Wangpeng Shi and Honghao Chen
Biology 2025, 14(8), 1105; https://doi.org/10.3390/biology14081105 - 21 Aug 2025
Viewed by 117
Abstract
Goji berry is widely consumed worldwide and holds substantial market value, yet its cultivation faces significant threats from the goji berry psyllid (Bactericera gobica). Chemosensory-related genes play critical roles in regulating insect behaviors, which makes them key molecular targets for the [...] Read more.
Goji berry is widely consumed worldwide and holds substantial market value, yet its cultivation faces significant threats from the goji berry psyllid (Bactericera gobica). Chemosensory-related genes play critical roles in regulating insect behaviors, which makes them key molecular targets for the development of environmentally friendly pest control strategies. However, chemosensory genes in B. gobica have not been previously identified or characterized. In this study, we sequenced transcriptomes from the antennae and body tissues of male and female B. gobica and annotated genes associated with chemosensory functions. We identified 15 odorant-binding proteins (OBPs), 18 chemosensory proteins (CSPs), 3 sensory neuron membrane proteins (SNMPs), 26 odorant receptors (ORs), 8 gustatory receptors (GRs), and 32 ionotropic receptors (IRs). Transcriptome data and a quantitative real-time PCR confirmed the tissue-specific expression patterns of these genes, with several genes, including three BgobOBPs, eight BgobCSPs, one BgobOR, two BgobGRs, and two BgobIR, highly expressed in the antennae, suggesting their role in olfactory recognition. BgobGR1 was most highly expressed among GRs, indicating its important role in gustatory perception. We also identified gene BgobGR5 with differential expression patterns between females and males. Our study represents the first characterization of chemosensory genes in a Bactericera species. Full article
(This article belongs to the Special Issue Research on Morphology and Sensorimotor Systems of Insect Antennae)
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17 pages, 747 KB  
Article
Framing Sports Nostalgia: The Case of the New York Islanders’ Fisherman Logo Revival Across Broadcast and Social Media
by Nicholas Hirshon and Klive Oh
Histories 2025, 5(3), 40; https://doi.org/10.3390/histories5030040 - 20 Aug 2025
Viewed by 266
Abstract
Sports teams increasingly use nostalgia-based marketing to spark fan engagement and boost merchandise sales. Yet these efforts can also provoke backlash, especially when they resurrect contested imagery. This article examines how one such campaign—the New York Islanders’ 2015 revival of their controversial fisherman [...] Read more.
Sports teams increasingly use nostalgia-based marketing to spark fan engagement and boost merchandise sales. Yet these efforts can also provoke backlash, especially when they resurrect contested imagery. This article examines how one such campaign—the New York Islanders’ 2015 revival of their controversial fisherman logo—was framed across team broadcasts and interpreted by fans on social media. Drawing on a qualitative textual analysis of television and radio coverage alongside a quantitative content analysis of 563 tweets, the study reveals a divide between institutional messaging and grassroots reaction. While team broadcasts emphasized charity and sentimental appeal, fan discourse was notably more critical, mocking the jersey’s design and recalling past failures. By positioning nostalgia not only as a branding asset but as a reputational risk, the article contributes a novel perspective to debates about commercialization, mediatization, and fan co-production in sports. It also demonstrates the value of mixed methods for analyzing how branding narratives are negotiated in real time. Full article
(This article belongs to the Special Issue Novel Insights into Sports History)
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27 pages, 978 KB  
Article
Global Shocks and Local Fragilities: A Financial Stress Index Approach to Pakistan’s Monetary and Asset Market Dynamics
by Kinza Yousfani, Hasnain Iftikhar, Paulo Canas Rodrigues, Elías A. Torres Armas and Javier Linkolk López-Gonzales
Economies 2025, 13(8), 243; https://doi.org/10.3390/economies13080243 - 19 Aug 2025
Viewed by 354
Abstract
Economic stability in emerging market economies is increasingly shaped by the interplay between global financial integration, domestic monetary dynamics, and asset price fluctuations. Yet, early detection of financial market disruptions remains a persistent challenge. This study constructs a Financial Stress Index (FSI) for [...] Read more.
Economic stability in emerging market economies is increasingly shaped by the interplay between global financial integration, domestic monetary dynamics, and asset price fluctuations. Yet, early detection of financial market disruptions remains a persistent challenge. This study constructs a Financial Stress Index (FSI) for Pakistan, utilizing monthly data from 2005 to 2024, to capture systemic stress in a globalized context. Using Principal Component Analysis (PCA), the FSI consolidates diverse indicators, including banking sector fragility, exchange market pressure, stock market volatility, money market spread, external debt exposure, and trade finance conditions, into a single, interpretable measure of financial instability. The index is externally validated through comparisons with the U.S. STLFSI4, the Global Economic Policy Uncertainty (EPU) Index, the Geopolitical Risk (GPR) Index, and the OECD Composite Leading Indicator (CLI). The results confirm that Pakistan’s FSI responds meaningfully to both global and domestic shocks. It successfully captures major stress episodes, including the 2008 global financial crisis, the COVID-19 pandemic, and politically driven local disruptions. A key understanding is the index’s ability to distinguish between sudden global contagion and gradually emerging domestic vulnerabilities. Empirical results show that banking sector risk, followed by trade finance constraints and exchange rate volatility, are the leading contributors to systemic stress. Granger causality analysis reveals that financial stress has a significant impact on macroeconomic performance, particularly in terms of GDP growth and trade flows. These findings emphasize the importance of monitoring sector-specific vulnerabilities in an open economy like Pakistan. The FSI offers strong potential as an early warning system to support policy design and strengthen economic resilience. Future modifications may include incorporating real-time market-based metrics indicators to better align the index with global stress patterns. Full article
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39 pages, 3940 KB  
Review
AI-Enhanced Remote Sensing of Land Transformations for Climate-Related Financial Risk Assessment in Housing Markets: A Review
by Chuanrong Zhang and Xinba Li
Land 2025, 14(8), 1672; https://doi.org/10.3390/land14081672 - 19 Aug 2025
Viewed by 387
Abstract
Amid accelerating climate change, climate-related hazards—such as floods, wildfires, hurricanes, and sea-level rise—increasingly drive land transformations and pose growing risks to housing markets by affecting property valuations, insurance availability, mortgage performance, and broader financial stability. This review synthesizes recent progress in two distinct [...] Read more.
Amid accelerating climate change, climate-related hazards—such as floods, wildfires, hurricanes, and sea-level rise—increasingly drive land transformations and pose growing risks to housing markets by affecting property valuations, insurance availability, mortgage performance, and broader financial stability. This review synthesizes recent progress in two distinct domains and their linkage: (1) assessing climate-related financial risks in housing markets, and (2) applying AI-driven remote sensing for hazard detection and land transformation monitoring. While both areas have advanced significantly, important limitations remain. Existing housing finance studies often rely on static models and coarse spatial data, lacking integration with real-time environmental information, thereby reducing their predictive power and policy relevance. In parallel, remote sensing studies using AI primarily focus on detecting physical hazards and land surface changes, yet rarely connect these spatial transformations to financial outcomes. To address these gaps, this review proposes an integrative framework that combines AI-enhanced remote sensing technologies with financial econometric modeling to improve the accuracy, timeliness, and policy relevance of climate-related risk assessment in housing markets. By bridging environmental hazard data—including land-based indicators of exposure and damage—with financial indicators, the framework enables more granular, dynamic, and equitable assessments than conventional approaches. Nonetheless, its implementation faces technical and institutional barriers, including spatial and temporal mismatches between datasets, fragmented regulatory and behavioral inputs, and the limitations of current single-task AI models, which often lack transparency. Overcoming these challenges will require innovation in AI modeling, improved data-sharing infrastructures, and stronger cross-disciplinary collaboration. Full article
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16 pages, 1497 KB  
Article
A Preliminary Analysis of the Relationships Between Rising Temperatures and Residential Rental Rates in the USA
by Michael A. Garvey and Tony G. Reames
Sustainability 2025, 17(16), 7459; https://doi.org/10.3390/su17167459 - 18 Aug 2025
Viewed by 394
Abstract
Climate change poses significant challenges to the economic and social sustainability of urban dwellers, particularly in the real estate market, where rising temperatures are affecting property values. While most research focuses on how climate change impacts buyers and sellers, this study shifts attention [...] Read more.
Climate change poses significant challenges to the economic and social sustainability of urban dwellers, particularly in the real estate market, where rising temperatures are affecting property values. While most research focuses on how climate change impacts buyers and sellers, this study shifts attention to renters, who may be more vulnerable to climate-induced price increases. By analyzing rental price and climate data, this study uses ordinary least squares (OLS) and fixed-effects regressions to assess the impact of temperature fluctuations on rental rates across 50 major U.S. metropolitan areas. The findings reveal a positive and significant relationship between rising temperatures and rental rates, particularly in the Northeastern and Southern U.S. These results suggest that targeted policy interventions may help ease financial pressures on vulnerable renters and support more sustainable urban development over time. The analysis also highlights the potential role of energy efficiency measures in rental housing to lower energy costs and alleviate rent burdens. Additionally, the findings indicate that local policymakers may consider rent stabilization strategies and investments in urban green infrastructure to protect low-income renters, reduce localized heat exposure, and promote long-term urban resilience. Full article
(This article belongs to the Section Sustainable Urban and Rural Development)
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15 pages, 1967 KB  
Article
Bi-Level Optimal Operation Method for Regional Energy Storage Considering Dynamic Electricity Prices
by Weilin Zhang, Yongwei Liang, Zengxiang Yang, Yong Feng, Jie Jin, Chenmu Zhou and Jiazhi Lei
Energies 2025, 18(16), 4379; https://doi.org/10.3390/en18164379 - 17 Aug 2025
Viewed by 338
Abstract
Aiming at the incentive effect of real-time electricity prices on load demand response in the context of the electricity market, this paper proposed a dual layer optimization operation method for regional energy storage considering dynamic electricity prices and battery capacity degradation. The innovation [...] Read more.
Aiming at the incentive effect of real-time electricity prices on load demand response in the context of the electricity market, this paper proposed a dual layer optimization operation method for regional energy storage considering dynamic electricity prices and battery capacity degradation. The innovation of the proposed method lies in introducing user satisfaction and establishing real-time electricity price models based on fuzzy theory and consumer satisfaction, making dynamic electricity prices more realistic. At the same time, the proposed dual layer optimization operation model for regional energy storage has modeled the capacity degradation performance of energy storage batteries, which more accurately reflects the practicality of energy storage batteries. Finally, the particle swarm optimization (PSO) algorithm is utilized to efficiently optimize charging/discharging strategies, balancing economic benefits with battery longevity. The correctness of the proposed method is verified through simulation examples using MATLAB. Simulation results demonstrate that real-time electricity prices based on consumer satisfaction increase load demand response resources, resulting in stronger absorption of new energy sources, improving by 73.7%, albeit with reduced economic efficiency by 11.27%. While the real-time electricity prices based on fuzzy theory exhibit weaker absorption of new energy sources improving by only 36.4%, but achieve the best overall economic performance. Full article
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22 pages, 1833 KB  
Article
Survival Analysis for Credit Risk: A Dynamic Approach for Basel IRB Compliance
by Fernando L. Dala, Manuel L. Esquível and Raquel M. Gaspar
Risks 2025, 13(8), 155; https://doi.org/10.3390/risks13080155 - 15 Aug 2025
Viewed by 215
Abstract
This paper uses survival analysis as a tool to assess credit risk in loan portfolios within the framework of the Basel Internal Ratings-Based (IRB) approach. By modeling the time to default using survival functions, the methodology allows for the estimation of default probabilities [...] Read more.
This paper uses survival analysis as a tool to assess credit risk in loan portfolios within the framework of the Basel Internal Ratings-Based (IRB) approach. By modeling the time to default using survival functions, the methodology allows for the estimation of default probabilities and the dynamic evaluation of portfolio performance. The model explicitly accounts for right censoring and demonstrates strong predictive accuracy. Furthermore, by incorporating additional information about the portfolio’s loss process, we show how to empirically estimate key risk measures—such as Value at Risk (VaR) and Expected Shortfall (ES)—that are sensitive to the age of the loans. Through simulations, we illustrate how loss distributions and the corresponding risk measures evolve over the loans’ life cycles. Our approach emphasizes the significant dependence of risk metrics on loan age, illustrating that risk profiles are inherently dynamic rather than static. Using a real-world dataset of 10,479 loans issued by Angolan commercial banks, combined with assumptions regarding loss processes, we demonstrate the practical applicability of the proposed methodology. This approach is particularly relevant for emerging markets with limited access to advanced credit risk modeling infrastructure. Full article
(This article belongs to the Special Issue Advances in Risk Models and Actuarial Science)
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37 pages, 3538 KB  
Article
Aggregation and Coordination Method for Flexible Resources Based on GNMTL-LSTM-Zonotope
by Bo Peng, Baolin Cui, Cunming Zhang, Yuanfu Li, Weishuai Gong, Xiaolong Tao and Ruiqi Wang
Energies 2025, 18(16), 4358; https://doi.org/10.3390/en18164358 - 15 Aug 2025
Viewed by 269
Abstract
Demand-side flexible resources in building energy systems hold significant potential for enhancing grid reliability and operational efficiency. However, their effective coordination remains challenging due to the complexity of modeling and aggregating heterogeneous loads. To address this, this paper proposes a feasible region aggregation [...] Read more.
Demand-side flexible resources in building energy systems hold significant potential for enhancing grid reliability and operational efficiency. However, their effective coordination remains challenging due to the complexity of modeling and aggregating heterogeneous loads. To address this, this paper proposes a feasible region aggregation and coordination method for load aggregators based on a GNMTL-LSTM-Zonotope framework. A Gradient Normalized Multi-Task Learning Long Short-Term Memory (GNMTL-LSTM) model is developed to forecast the power trajectories of diverse flexible resources, including air-conditioning systems, energy storage units, and diesel generators. Using these predictions and associated uncertainty bounds, dynamic feasible regions for individual resources are constructed with Zonotope structures. To enable scalable aggregation, a Minkowski sum-based method is applied to merge the feasible regions of multiple resources efficiently. Additionally, a directionally weighted Zonotope refinement strategy is introduced, leveraging time-varying flexibility revenues from energy and reserve markets to enhance approximation accuracy during high-value periods. Case studies based on real-world office building data from Shandong Province validate the effectiveness, modeling precision, and economic responsiveness of the proposed method. The results demonstrate that the framework enables fine-grained coordination of flexible loads and enhances their adaptability to market signals. This study is the first to integrate GNMTL-LSTM forecasting with market-oriented Zonotope modeling for heterogeneous demand-side resources, enabling simultaneous improvements in dynamic accuracy, computational scalability, and economic responsiveness. Full article
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18 pages, 1345 KB  
Article
Detecting Structural Changes in Bitcoin, Altcoins, and the S&P 500 Using the GSADF Test: A Comparative Analysis of 2024 Trends
by Azusa Yamaguchi
J. Risk Financial Manag. 2025, 18(8), 450; https://doi.org/10.3390/jrfm18080450 - 12 Aug 2025
Viewed by 475
Abstract
Understanding structural regime shifts in crypto asset markets is vital for early detection of systemic risk. This study applies the Generalized Sup Augmented Dickey–Fuller (GSADF) test to daily high-frequency price data of five major crypto assets—BTC, ETH, SOL, AAVE, and BCH—from 2023 to [...] Read more.
Understanding structural regime shifts in crypto asset markets is vital for early detection of systemic risk. This study applies the Generalized Sup Augmented Dickey–Fuller (GSADF) test to daily high-frequency price data of five major crypto assets—BTC, ETH, SOL, AAVE, and BCH—from 2023 to 2025. The results reveal asset-specific structural breaks: BTC and BCH aligned with macroeconomic shocks, while DeFi tokens (e.g., AAVE, SOL) exhibited fragmented, project-driven shifts. The S&P 500 index, in contrast, showed no persistent regime shifts, indicating greater structural stability. To examine inter-asset linkages, we construct co-occurrence matrices based on GSADF breakpoints. These reveal strong co-explosivity between BTC and other assets, and unexpectedly weak synchronization between ETH and AAVE, underscoring the sectoral idiosyncrasies of DeFi tokens. While the GSADF test remains central to our analysis, we also employ a Markov Switching Model (MSM) as a secondary tool to capture short-term volatility clustering. Together, these methods provide a layered view of long- and short-term market dynamics. This study highlights crypto markets’ structural heterogeneity and proposes scalable computational frameworks for real-time monitoring of explosive behavior. Full article
(This article belongs to the Section Risk)
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18 pages, 3289 KB  
Review
Postharvest Preservation Strategies for Table Grapes: A Comprehensive Review from Practical Methods to Future Developments
by Ci Zhang, Qiankun Wang, Hui He, Yusen Wu, Wenpeng Shan and Hongru Liu
Plants 2025, 14(16), 2462; https://doi.org/10.3390/plants14162462 - 8 Aug 2025
Viewed by 492
Abstract
Table grapes (fresh Vitis vinifera L. fruit) rank among the top five fruit crops worldwide, yet their high perishability poses significant challenges for postharvest handling and storage. This review offers a comprehensive analysis of current and emerging preservation strategies—including chemical fumigation, irradiation, packaging [...] Read more.
Table grapes (fresh Vitis vinifera L. fruit) rank among the top five fruit crops worldwide, yet their high perishability poses significant challenges for postharvest handling and storage. This review offers a comprehensive analysis of current and emerging preservation strategies—including chemical fumigation, irradiation, packaging technologies, controlled-atmosphere (CA) storage, biodegradable coatings, and synergistic preservation systems. Distinct from prior studies that typically emphasize specific techniques or treatment categories, this work integrates mechanistic insights with technological advancements and industrial practices across multiple preservation modalities. It further evaluates the comparative effectiveness, limitations, and practical relevance of these strategies along the supply chain. Importantly, it identifies critical research gaps—such as the lack of cultivar-specific preservation protocols, the need for low-residue and environmentally sustainable treatments, and the absence of real-time quality monitoring systems. Addressing these gaps is essential for developing next-generation solutions. Finally, this review highlights practical implications by offering a forward-looking framework to guide innovation, providing grape producers and supply chain stakeholders with strategies to minimize losses, preserve quality, and enhance market competitiveness. Full article
(This article belongs to the Section Plant Physiology and Metabolism)
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22 pages, 1331 KB  
Article
Integrating Autonomous Trucks into Human-Centric Operations: A Path to Safer and More Energy-Efficient Road Transport
by Tomasz Neumann and Radosław Łukasik
Energies 2025, 18(16), 4219; https://doi.org/10.3390/en18164219 - 8 Aug 2025
Viewed by 327
Abstract
The increasing integration of autonomous driving technologies into heavy-duty road transport requires a clear understanding of how these systems affect professional drivers’ working time, vehicle utilization, and regulatory compliance. This study develops a model-based comparative analysis to assess the cooperation between human drivers [...] Read more.
The increasing integration of autonomous driving technologies into heavy-duty road transport requires a clear understanding of how these systems affect professional drivers’ working time, vehicle utilization, and regulatory compliance. This study develops a model-based comparative analysis to assess the cooperation between human drivers and autonomous trucks at SAE Levels 3 and 4. Using EU Regulation (EC) No 561/2006 as a legal framework, single-driver, double-driver, and ego vehicle scenarios were simulated to evaluate changes in working time classification and vehicle movement. The results indicate that Level 3 automation enables up to 13.25 h of daily vehicle movement while complying with working time regulations, compared with the 10-h limit for conventional operation. Level 4 automation further extends the effective movement time to 14.25 h in double-crew configurations, offering opportunities for increased efficiency without violating labor codes. The novelty of this work lies in the quantitative modeling of human–machine collaboration in professional transport under real regulatory constraints. These findings provide a foundation for regulatory updates, tachograph adaptation to AI-driven vehicles, and the design of hybrid driver roles. Future research will focus on validating these models in real-world transport operations and assessing the implications of Level 5 autonomy for logistics networks and labor markets. Full article
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16 pages, 2779 KB  
Article
Low-Cost Open-Source Biosensing System Prototype Based on a Love Wave Surface Acoustic Wave Resonator
by Martin Millicovsky, Luis Schierloh, Pablo Kler, Gabriel Muñoz, Juan Cerrudo, Albano Peñalva, Juan Reta and Martin Zalazar
Hardware 2025, 3(3), 9; https://doi.org/10.3390/hardware3030009 - 7 Aug 2025
Viewed by 304
Abstract
Love wave surface acoustic wave (LSAW) sensors are crystal resonators known for their high potential for biosensing applications due to their high sensitivity, real-time detection, and compatibility with microfluidic systems. Commercial LSAW devices are costly, and manufacturing them is even more expensive, making [...] Read more.
Love wave surface acoustic wave (LSAW) sensors are crystal resonators known for their high potential for biosensing applications due to their high sensitivity, real-time detection, and compatibility with microfluidic systems. Commercial LSAW devices are costly, and manufacturing them is even more expensive, making accessibility a significant challenge. Additionally, their use requires specialized systems, and with only a few manufacturers dominating the market, most available solutions are proprietary, limiting customization and adaptability for specific research needs. In this work, a low-cost open-source LSAW biosensing system prototype was developed based on a commercially acquired resonator. The development integrates microfluidics through a polydimethylsiloxane (PDMS) chip, low-cost electronics, and both 3D printed ultraviolet (UV) resin and polylactic acid (PLA) parts. The instrument used for measurements was a vector network analyzer (VNA) that features open-source software. The code was customized for this study to enable real-time, label-free biosensing. Experimental validation consisted of evaluating the sensitivity and repeatability of the system, from the setup to its use with different fluids. Results demonstrated that the development is able to advance to more complex applications. Full article
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18 pages, 860 KB  
Article
Disruption in Southern Africa’s Money Laundering Activity by Artificial Intelligence Technologies
by Michael Masunda and Haresh Barot
J. Risk Financial Manag. 2025, 18(8), 441; https://doi.org/10.3390/jrfm18080441 - 7 Aug 2025
Viewed by 642
Abstract
The rise in illicit financial activities across the South Africa–Zimbabwe corridor, with an estimated annual loss of $3.1 billion demands advanced AI solutions to augment traditional detection methods. This study introduces FALCON, a groundbreaking hybrid transformer–GNN model that integrates temporal transaction analysis (TimeGAN) [...] Read more.
The rise in illicit financial activities across the South Africa–Zimbabwe corridor, with an estimated annual loss of $3.1 billion demands advanced AI solutions to augment traditional detection methods. This study introduces FALCON, a groundbreaking hybrid transformer–GNN model that integrates temporal transaction analysis (TimeGAN) and graph-based entity mapping (GraphSAGE) to detect illicit financial flows with unprecedented precision. By leveraging data from South Africa’s FIC, Zimbabwe’s RBZ, and SWIFT, FALCON achieved 98.7%, surpassing Random Forest (72.1%) and human auditors (64.5%), while reducing false positives to 1.2% (AUC-ROC: 0.992). Tested on 1.8 million transactions, including falsified CTRs, STRs, and Ethereum blockchain data, FALCON uncovered $450 million laundered by 23 shell companies with a cross-border detection precision of 94%, directly mitigating illicit financial flows in Southern Africa. For regulators, FALCON met FAFT standards, yielding 92% court admissibility, and its GDPR-compliant design (ε = 1.2 differential privacy) met stringent legal standards. Deployed on AWS Graviton3, FALCON processed 2 million transactions/second at $0.002 per 1000 transactions, demonstrating real-time scalability, making it cost-effective for financial institutions in emerging markets. As the first AI framework tailored for Southern Africa’s financial ecosystems, FALCON sets a new benchmark for ethical AML solutions in emerging economies with immediate applicability to CBDC supervision. The transparent validation of publicly available data underscores its potential to transform global financial crime detection. Full article
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23 pages, 1191 KB  
Article
The Power of Interaction: Fan Growth in Livestreaming E-Commerce
by Hangsheng Yang and Bin Wang
J. Theor. Appl. Electron. Commer. Res. 2025, 20(3), 203; https://doi.org/10.3390/jtaer20030203 - 6 Aug 2025
Viewed by 528
Abstract
Fan growth serves as a critical performance indicator for the sustainable development of livestreaming e-commerce (LSE). However, existing research has paid limited attention to this topic. This study investigates the unique interactive advantages of LSE over traditional e-commerce by examining how interactivity drives [...] Read more.
Fan growth serves as a critical performance indicator for the sustainable development of livestreaming e-commerce (LSE). However, existing research has paid limited attention to this topic. This study investigates the unique interactive advantages of LSE over traditional e-commerce by examining how interactivity drives fan growth through the mediating role of user retention and the moderating role of anchors’ facial attractiveness. To conduct the analysis, real-time data were collected from 1472 livestreaming sessions on Douyin, China’s leading LSE platform, between January and March 2023, using Python-based (3.12.7) web scraping and third-party data sources. This study operationalizes key variables through text sentiment analysis and image recognition techniques. Empirical analyses are performed using ordinary least squares (OLS) regression with robust standard errors, propensity score matching (PSM), and sensitivity analysis to ensure robustness. The results reveal the following: (1) Interactivity has a significant positive effect on fan growth. (2) User retention partially mediates the relationship between interactivity and fan growth. (3) There is a substitution effect between anchors’ facial attractiveness and interactivity in enhancing user retention, highlighting the substitution relationship between anchors’ personal characteristics and livestreaming room attributes. This research advances the understanding of interactivity’s mechanisms in LSE and, notably, is among the first to explore the marketing implications of anchors’ facial attractiveness in this context. The findings offer valuable insights for both academic research and managerial practice in the evolving livestreaming commerce landscape. Full article
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