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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
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UK house prices annual

Published on January 30, 2020

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Published on January 30, 2020

eBooks
Updates

eBooks

Published on January 30, 2020

Competitive markets

Evaluation of Market Systems

Published on January 30, 2020

Questions select category from menu
Questions

Questions select category from menu

Published on January 30, 2020

UK_Inequality_of_wealth
Updates

UK_Inequality_of_wealth

Published on January 29, 2020

Welfare reform
Managing the economy

Welfare reform

Published on January 29, 2020

What is Enterprise?
Business economics

What is Enterprise?

Published on January 29, 2020

The Labour market
Competitive markets

The Labour market

Published on January 29, 2020

Measuring unemployment
Managing the economy

Measuring unemployment

Published on January 29, 2020

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Page 109 of 163
Older Posts
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

Recent Post

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December 30, 2025
What would happen if sellers could use AI to determine how much you are willing and able to pay for every possible product?
The Economics of Hyper-Personalization: When Every Consumer Gets a Different Price
December 24, 2025
Thanks to the ease of remote work with today's technology, do cities still enjoy an agglomeration advantage?
The Geography of Remote Work: Are Cities Losing Their Agglomeration Advantage?
December 19, 2025

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