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Financial Literacy and Cognitive Biases: Key Determinants of Gen Z Investment Choices Ningtyas, Mega; Prajawati, Maretha Ika; munir, Misbahul
Journal of Finance and Islamic Banking Vol. 7 No. 2 (2024)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v7i2.9818

Abstract

This study investigates the influence of financial literacy and cognitive biases on investment decisions among Gen Z investors in Indonesia. A cross-sectional descriptive survey design was employed, guided by a positivist epistemology. Data were collected from 229 respondents through an online questionnaire and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) to test the hypotheses. The results reveal that financial literacy and cognitive biases significantly impact investment decisions. Higher financial literacy is associated with more rational and informed investment choices. Conversely, cognitive biases, including hindsight bias and the illusion of control, strongly influence decision-making processes. These findings highlight the importance of targeted financial education programs to enhance financial literacy and reduce the effects of cognitive biases, enabling Gen Z investors to make better financial decisions. This study provides valuable insights for policymakers and educators to support the financial well-being of the younger generation.
The Influence of Gamification on Improving Students' Listening Skills In Teaching Listening Skill Program ningtyas, Mega; Astuti, Widi; Aisyah, Aisyah
Thalaqah : Jurnal Pendidikan Bahasa Arab dan Kebahasaaraban Vol 2 No 2 (2024): October
Publisher : Program Studi Pendidikan Bahasa Arab of STAI Ali bin Abi Thalib Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54214/thalaqah.Vol2.Iss2.828

Abstract

This study aims to determine the effect of gamification on improving listening skills in the Teaching Listening Skills Program. This research is quantitative. This study population consists of third-semester students majoring in Arabic Language Education at the Islamic College of Syuhada Mosque Yogyakarta. This research uses data analysis techniques including assumption and hypothesis testing. This study's gamification methods include role-playing, educational games related to listening material, relay message competitions, and interactive oral quizzes. The results indicate that gamification positively affects students' listening skills; however, there is no significant influence between gamification and the improvement of students' listening skills, as the effect is only 0.1%.
Hidup Minimalis dan Hidup Bahagia untuk Mencapai Kesejahteraan Finansial Ningtyas, Mega; Budianto, Eka Wahyu Hestya; Pradana, Ayub Wijayanti Sapta; Putri, Aurel Cinta Nurdiansyah
Modus Vol. 38 No. 1 (2026): MODUS
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/modus.v38i1.13181

Abstract

This study investigates the influence of minimalism on happiness by examining the mediating role of financial well-being. The research is motivated by the increasing prevalence of consumerism in the digital era and the rise of minimalism as a counter-lifestyle that promotes simplicity, intentional consumption, and disciplined financial behavior. Using a quantitative approach, data were collected through a structured questionnaire distributed to 385 respondents from Generation Y and Generation Z. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that minimalism has a significant positive effect on financial well-being and happiness. Financial well-being is also found to significantly predict happiness and mediate the relationship between minimalism and happiness, suggesting that minimalist practices enhance emotional clarity while simultaneously strengthening financial security. These findings expand the theoretical understanding of lifestyle behaviors and their impact on subjective well-being, highlighting financial well-being as a crucial mechanism through which minimalism contributes to happiness. Practically, this study provides insights for individuals, educators, and policymakers to encourage simple living and financially responsible behavior as effective strategies for improving overall quality of life. Keywords: minimalism, financial well-being, happiness, SEM-PLS.   Penelitian ini bertujuan untuk menganalisis pengaruh minimalisme terhadap kebahagiaan dengan mempertimbangkan peran kesejahteraan finansial sebagai variabel mediasi. Latar belakang penelitian ini berangkat dari meningkatnya gaya hidup konsumtif di era digital serta tren minimalisme yang berkembang sebagai respons terhadap tekanan materialistik. Penelitian ini menggunakan pendekatan kuantitatif dengan menyebarkan kuesioner kepada 385 responden Generasi Y dan Generasi Z, kemudian data dianalisis menggunakan metode Structural Equation Modeling–Partial Least Squares (SEM-PLS). Hasil penelitian menunjukkan bahwa minimalisme berpengaruh positif signifikan terhadap kesejahteraan finansial dan kebahagiaan. Selain itu, kesejahteraan finansial ditemukan memiliki pengaruh positif signifikan terhadap kebahagiaan serta berperan sebagai mediator dalam hubungan antara minimalisme dan kebahagiaan. Temuan ini mengindikasikan bahwa gaya hidup minimalis tidak hanya memberikan manfaat psikologis, tetapi juga meningkatkan keamanan finansial yang pada akhirnya mendorong tercapainya kebahagiaan. Secara teoritis, penelitian ini memperluas literatur mengenai hubungan antara gaya hidup, kesejahteraan finansial, dan kebahagiaan. Secara praktis, hasil penelitian memberikan implikasi bagi individu, lembaga pendidikan, dan pembuat kebijakan untuk mendorong penerapan gaya hidup yang lebih sederhana dan bijak secara finansial sebagai strategi peningkatan kesejahteraan masyarakat. Kata kunci: minimalisme, kesejahteraan finansial, kebahagian, SEM-PLS