Peng Zhang

Popular Music, Sentiment, and Noise Trading

We construct a sentiment indicator as the first principal component of thirteen emotion metrics derived from the lyrics and composition of music-chart singles. This indicator performs well, dominating the Michigan Index of Consumer Sentiment and …

Investor Sentiment as a Predictor of Market Returns

Investor sentiment's effect on asset prices has been studied extensively to date, without delivering consistent results across samples and datasets. We investigate the asset-pricing impacts of eight widely cited investor-sentiment indicators (one …

A Fuel-Payload Ratio Based Flight-Segmentation Benchmark

Airlines and their customers have an interest in determining fuel- and emissions-minimizing flight segmentation. Starting from Kuchemann's Weight Model and the Breguet Range Equation for cruise-fuel consumption, we build an idealized model of optimal …

Rank-order concordance among conflicting emissions estimates for informing flight choice

Air transport Greenhouse Gas (GHG) emissions estimates differ greatly, depending on the calculation method employed. Among the IPCC, ICAO, DEFRA, and BrighterPlanet calculation methods, the largest estimate may be up to 4.5 times larger than the …