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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read
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Business economics

Second-Degree Price Discrimination: Why Freemium Pricing Drives Growth in Software Markets

Published on July 20, 2025

Real vs. Nominal Interest Rates: How Inflation Affects Your Savings
interest rate

Real vs. Nominal Interest Rates: How Inflation Affects Your Savings

Published on July 20, 2025

Two people inside of an office at a desk looking at a laptop and a larger desktop monitor
Business economics Innovation & Technology

Transaction Cost Economics and Financial Consolidation Software: Why Firms Invest in Digital Coordination

Published on July 16, 2025

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Innovation & Technology

The Economics of Scaling an AI-Native Start-up

Published on July 16, 2025

Close-up of a network patch panel with numbered ports and blue and grey ethernet cables plugged in
Innovation & Technology

Vertical Differentiation: What Hotelling's Model Reveals About the SOCKS5 Proxy Market

Published on July 15, 2025

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Behavioural economics Income Elasticity of Demand

Why the income effect keeps Americans buying jewellery as real incomes stall

Published on July 14, 2025

Several loose diamonds displayed on a glossy black surface
Behavioural economics

Lab-grown diamonds are draining the signalling power from the engagement ring

Published on July 14, 2025

Student wearing headphones and taking notes while working at a laptop
Human Capital

Human Capital Formation: Why Economic Literacy Compounds Like Interest

Published on July 14, 2025

A trading screen showing colorful stock price line charts trending upward, with red and green data panels visible on an adjacent monitor.
Investing

7 Ways to Diversify Your Portfolio Beyond Traditional Assets

Published on July 13, 2025

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Crypto Business economics

Financial Intermediation and Disintermediation: What Coase's Theory of the Firm Tells Us About Crypto Lending

Published on July 13, 2025

Newer Posts
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AI logo and network powe

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Artificial intelligence is often presented as a race for faster processors and more capable software. Yet every large AI system also depends...
3 min read

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