Comparing Individual and Social Financial Motivations in Energy Assignment

Comparing Individual and Social Financial Motivations in Energy Conservation - Assignment ExampleThis enabled them to draw the hypothesis for the study. Firstly, the researchers expect that social norms are a major determinant on energy conservation. Secondly, the researchers assumed that financial incentive enhances energy conservation.2. The sample size to this survey was homeowners whose electronic mail information was in the custody of homeowners association president. The participants or population sample to this study was selected from homeowners who responded to an email invitation from the homeowners association president. selective information obtained from electricity supplying company provided a control to the study. This selective information provided the researchers with more accurate information on electricity consumption for each household than data obtained from smart meters. The study involved establishing the effects of motivation on energy consumption. The resear ch also intended to establish the relationship between households total income and energy consumption. In addition, research wanted to measure the effects of incentives on different social classes.3. The data was analyzed by first placing the respondents in to three categories according to their consumption capacities. This enabled the researchers to draw the mean and other measures of central tendency. The researcher also used a pie chart to represent their research findings.4. From the study, it was accomplished that financial incentives had an effect on the attitude of the respondent towards energy conservation. It was also established that social class influenced the effects of incentives on the respondent. Social classes were established by the level of electricity consumption in each household. High consumers or individuals with high financial capabilities responded positively to financial incentive. However, they were adamant to giving out face-to-face information concernin g energy consumption (Vezich 49). It was also established that low consumers responded more effectively to financial