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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
Competitive labour markets
Business economics

Competitive labour markets

Published on January 29, 2020

Labour market failures
Market failures

Labour market failures

Published on January 29, 2020

Small firms
Business economics

Small firms

Published on January 29, 2020

Browsers - market shares
Business economics

Browsers - market shares

Published on January 29, 2020

Evaluation of Competition Policy
Business economics

Evaluation of Competition Policy

Published on January 29, 2020

Retail Banking Investigation - CMA
Business economics

Retail Banking Investigation - CMA

Published on January 29, 2020

Railways
Business economics

Railways

Published on January 29, 2020

European competition policy
Business economics

European competition policy

Published on January 29, 2020

Royal mail privatisation
Business economics

Royal mail privatisation

Published on January 29, 2020

Tesco and Booker merger
Business economics

Tesco and Booker merger

Published on January 29, 2020

Newer Posts
Page 110 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

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