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AI is a convenient tool for getting answers in common language...but are these answers accurate?

The Economics of AI Hallucinations: Information Quality as a Market Good

Many of us love to use AI programs, from ChatGPT to Grok to Google Gemini, to give us answers to complex questions in simple, common language. But are we risking financial and economic inefficiency due to AI errors? Will consumers demand that their AI answers be human-verified?...
4 min read
Greece_rejects_austerity
Global economics

Greece_rejects_austerity

Published on February 04, 2020

Managing the economy

Labour-paid_work_statistics

Published on February 04, 2020

Managing the economy

Perspectives_on_equiibrium

Published on February 04, 2020

Managing the economy

Productivity_answers

Published on February 04, 2020

Questions on the multiplier
Managing the economy

Questions on the multiplier

Published on February 04, 2020

Questions

Top UK Universities for Economics 2018

Published on February 01, 2020

Uncategorized

Most-read-SVG

Published on February 01, 2020

The ultimate gap year guide
Uncategorized

The ultimate gap year guide

Published on February 01, 2020

Edexcel Economics
Updates

Edexcel Economics

Published on February 01, 2020

Incomplete Markets
Market failures

Incomplete Markets

Published on January 31, 2020

Newer Posts
Page 104 of 163
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Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read

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